Retail

One of Procida's earliest investors was Abdul Qayum, the grandfather of Omar Khan, left, who has just joined the Procida firm. The two are holding Qayum's original brochure, which Procida still keeps in his office.

The key element of the makeover was Market Street's Central Park, the focal point of the 560,000-square-foot mixed-use property, which also has retailers and restaurants as well as class-A office space.

DFW has a healthy balance of supply and demand, and there are plenty of service-based uses not available on the Internet to keep shopping centers full, Dan Avnery observes in this <b>EXCLUSIVE</b>.

The retail chain signed a 30-year lease with Blackstone for 21,000 square feet of space.

“Given Florida's maturity as a worldwide economic powerhouse in recent years, we have a unique opportunity to lead and chart a path to help Florida become that 'It' State—the place where dynamic and exciting innovations lead the way,” says Chris Corr, Florida Council of 100 Chair.

“The buyer was in a 1031 exchange and paid full price for the asset, because they understood the value of the property and this location,” says Marcus &amp; Millichap's Mark Taylor.