Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WORTH-Excel Trust Inc. has entered the Lone Star State with the $21.9-million acquisition of a Barnes & Noble-anchored shopping center located on Hulen Street.

The 86,831 square foot multi-tenant shopping center, known as 5000 South Hulen Shopping Center, is the retail REIT’s fifth acquisition since its IPO in April. The newly-formed retail REIT, which is led by Gary Sabin, former head of Excel Realty Trust Inc., raised $210 million when it debuted on the New York Stock Exchange, 22 percent less than it originally sought.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.