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Thursday, May 26, 2022

Denton’s Leases, Sales, and New Projects

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Ironwood Realty Partners and Scannell Properties have broken ground on plans to develop Denton Crossing, a four-building, 1.5 million square foot Industrial Park. The park will be located off of I-35 in Denton; construction on Phase 1 of the project is expected to deliver the summer of 2020. Ironwood Realty Partners will oversee the leasing of the property.

Oaktree Plaza, a 69,251 square foot shopping center located on South Loop 288 in Denton, has been sold. The shopping center, which is anchored by Walmart, was 98.03% leased at the time of sale. Tommy Tucker, Alex Housewright  &  Cameron  Burk,  of  SHOP  Companies  Investment  Sales, represented the seller, a Texas limited partnership. The buyer was a private investor in a 1031 exchange.

Spec’s is expected to open during the second quarter of 2020. At Cedar Hill Pointe, the retailer joins a line-up that includes Guitar Center, Jason’s Deli, Mattress Firm, Allstate, FedEx Office. Sherwin Williams, Sprint, and several others.

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