DALLAS--Rockstreet Partners has purchasedCooper Oaks Crossing, an 86,175-square-footneighborhood shopping center in Arlington.

Acquired in an off-market transaction through a joint venturewith Cielo Property Group, Cooper Oaks is locatedat the southeast corner of South Cooper Street and Southwest GreenOaks Boulevard, just south of Interstate 20 and The Parksat Arlington mall. The property boasts over 62,000 squarefeet of available anchor space, and a variety of small shop tenantsincluding a CareNow, GeneralNutrition Center and WingStop.

"We saw Cooper Oaks as a redevelopment opportunity with soliddownside risk protection," John L. Turner,principal with Rockstreet Partners, told GlobeSt.com. "The areasurrounding Cooper Oaks is a heavily trafficked retail market, witha dearth of available anchor space. The current rents at CooperOaks will allow us to patiently implement our business plan."

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