DALLAS--CBRE Capital Markets' Retail InvestmentProperties has announced the sale of Hulen PointeShopping Center in southwest Fort Worth. Addison-basedBo Avery with TriMarsh Propertiespurchased the retail center from Austin-based Wes WaltersRealty Inc. for an undisclosed price.

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Hulen Pointe is comprised of four buildings totaling 174,783square feet and is 47.6 percent occupied by a combination ofnational, regional and local tenants. Anchor tenants includeDollar Tree, Dickey's BBQ,State Farm and Great Clips. Morethan a quarter of the tenants have occupied space at Hulen Pointefor more than 10 years.

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“We are ready to lease about 45,000 square feet to nationaltenants and bring the center's occupancy to 80 percent,” saysAvery. “We are ready to be aggressive on rental rates.”

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The asset is in a major retail hub, nearby a WalmartSupercenter, Kroger, Guitar Center and Barnes & Noble.Additionally, Hulen Mall is about one mile north of the center.

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“Southwest Fort Worth is a major retail corridor that attractsshoppers from Arlington, Fort Worth, Mansfield, Cedar Hill andGrand Prairie,” Jennifer Pierson, senior vicepresident of CBRE, told GlobeSt.com. “Hulen Pointe is awell-located retail asset with several long-term tenants thatoffers upside potential through additional lease-up of the vacant91,652 square feet—and TriMarsh is eager to take it there.”

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Pierson, BethPierson and Cameron Deptula,with CBRE in Dallas, represented the seller.

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