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The IKEA location has generated strong retail interest with an already strong retail line-up including nearly 20 retail anchors such as Target, Home Depot, Regal Cinemas and Kohl's.
The 3-acre Grand Prairie Corners site is part of a planned 50-acre mixed-use development that will include residential, hotel and retail space; also, a future development site is owned by TA Land Fund.
UK-based DMGT, Xceligent's owner since 2012, recently reduced the commercial property data provider's carrying value to zero following earnings disappointments.
With the REIT's strategic plan virtually complete, RPAI now turns to maximizing its holdings, as Steve Grimes explains in this exclusive video interview from the show floor of the ICSC New York Dealmaking Conference.