The 32-unit property is 80% renovated, leaving some upside for the private local buyer.

Transwestern Commercial Services, which brokered the sale, has another $145 million in deals under contract scheduled to close in the next few months.

These types of renovations including a full shopping center digital marketing package help older centers such as Irving Towne Center maintain strong existing tenancy and attract a new generation of tenants.

This year, within the Opportunity Zone category for GlobeSt.com's ADAPT awards, we praise the Hampton Park project for their complex execution.