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.
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.
“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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