Equity One sold a portfolio of four adjoining retail properties totaling 728,566 square feet in Irving, Texas.
The total value of the portfolio was $24 million.
The identity of the buyer was not disclosed.
The four Plymouth Park properties–North, South, East and West–are clustered around the intersection of Irving Boulevard with Story Road and Grauwyler Boulevard.
Plymouth Park North is a 444,099-square-foot retail center anchored by Dollar General, a thrift store, the U.S. Post Office, Chateau Theatre and Levine’s, and was 58 percent occupied. Plymouth Park West is a 178,930-square-foot retail center anchored by Bargain City, Dollar Store and Fashion Depot and was 96 percent occupied. Plymouth Park East is a 56,435-square-foot retail center anchored by a Kroger supermarket and was 97 percent occupied. Lastly, Plymouth Park South is a 49,102-square-foot retail center anchored by Betcha Bingo and was 78 percent occupied.
Occupancy of the four-property asset was 72 percent at the time of sale.
Equity One is a real estate investment trust that principally acquires, renovates, develops and manages shopping centers.
What’s your opinion? Send your Letter to the Editor to firstname.lastname@example.org.