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DALLAS-A pair of North Texas companies has traded off 93,669 sf of inline retail space in a grocery-anchored shopping center in Shreveport, LA, where industry sources report the center, sitting at the heart of the city’s retail hub, has brought more than $15 million.

Making the exchange was Dunhill Partners Inc. of Dallas, marking its first acquisition outside the Texas line, and Trademark Property Co. of Fort Worth, the five-year owner of the eight-year-old Bayou Walk Village, Adam Howells, a Dallas director for Holliday Fenoglio Fowler LP, tells GlobeSt.com. The 98%-leased shopping center at the crossroads of Youree Drive and 70th Street, anchored by a corporate-owned, 64,379-sf Kroger store, cornered 12 to 15 offers when it hit the market roughly four months ago with a no-minimum ask, he says.

According to the marketing flyer, shops are averaging $330 per sf in sales. The 2006 tenant roll is “fairly nominal,” Howells says, “but in the event there is roll, there’s upside in rents.” Inline space is leased for $14 per sf to $15 per sf, but the market is $19 per sf to $20 per sf, according to Howells, who brokered the deal along with HFF’s managing director Jim Batjer.

Howells says Trademark’s motivation to sell was based on the end of a life cycle for a portfolio partnership. Trademark, he adds, defeased a loan so the deal could close with new financing.

Dunhill’s 93,669-sf stake in the 178,000-sf Bayou Walk Village, positioned on 18.4 acres, includes leases for nationals like Barnes & Noble, OfficeMax, Old Navy and Hollywood Video. Besides Kroger, other corporate- or franchised-owned sites are held by Chili’s, On the Border, Kentucky Fried Chicken and Regency Bank.

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