DALLAS--Stockdale Investment Group has purchased a 2.6-acre multi-tenant retail property at 7835 and 7839 Park Lane from Park Lane Partners & Skillman Oram Partners LP. The property is across from NorthPark Center, at the northwest quadrant of Park Lane and North Central Expressway. Terms of the deal were undisclosed.

"The acquisition of this property was a logical fit for Stockdale's growth strategy, and a reflection of the group's ongoing commitment to operating urban retail properties within the DFW Metroplex,” Joe Pastora, partner of Stockdale Investment Group, told GlobeSt.com.

The 20,384-square-foot retail space was built in 2000, and is home to several restaurants and businesses, including Panera Bread, J's Tailor, Sona Med Spa and Buca Di Beppo.

The property, which follows the group's recent purchase of The Shops of Highland Park in 2013, is fully occupied. Stockdale currently does not have any plans for changes to the property.

Stockdale has recently focused on high-value real estate locations throughout Dallas, including retail properties in Preston Center, Knox-Henderson, Uptown and Highland Park.

“We are looking forward to the continued success of our Park Lane property, as well as the future growth of Stockdale Investment Group,” Pastora says.