Dallas — Sept. 19, 2019 — CBRE announces the sale of Eldorado Marketplace, a 186,068 square foot grocery-anchored shopping center in Frisco, Texas.
Eldorado Marketplace was 97.3% leased at the time of the sale and is anchored by Market Street, a dominant upscale Albertsons’ grocer consistently ranking as a top performing store in the Dallas-Fort Worth metroplex. The center is home to a diverse mix of national and local tenants including PetSmart, McAlister’s Deli, AT&T and UPS among others.
Strategically positioned along the Dallas North Tollway, the center is in the North Platinum Corridor which encompasses developments such as The Star, Frisco Station, the newly announced PGA Headquarters and is considered the most dynamic development concentration in America. Frisco continues to rank as one of the fastest growing cities in the U.S. with 654% population growth since 2000 and has direct access to Dallas CBD and the DFW International Airport.
Chris Cozby, Jim Batjer, Mark Witcher and Blaine Dozier of CBRE National Retail Partners represented seller in the transaction.
The property is located at 11999 N. Dallas Parkway, situated on the NWC of the Dallas North Tollway and Eldorado Parkway.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
