Everyone's mum about the sale terms for the 40-year-old,167,000-sf shopping center, positioned at the southwest corner ofPreston Road and Forest Lane in North Dallas. The Dallas-basedOlympus and Pilchers joint venture had bought the high-visibilitycenter in March 1998 and immediately set into action a turnaroundplan for the then 69%-occupied property. In the past three years,NOI has doubled and is now riding at $3 million, says David B.Deniger, Olympus' general managing partner.

Whole Foods had been lured to primary anchor spot in the centeras part of the repositioning effort coupled with $3 million inrenovation and expansion. Existing tenants had been strategicallyrelocated within the holding all the while attracting new retailerssuch as Ulta3 Cosmetics, Rochester Big & Tall, Binder's ArtSupply and Luckman's home interiors.