Phillips Edison & Co. added another shopping plaza to its holdings with the recent purchase of Mayfair Village in Hurst, Texas.
An unidentified entity sold the property for an undisclosed amount.
Mayfair Village is a 235,307-square-foot complex anchored by a Tom Thumb grocer. Other tenants at the time of sale included Wendy’s, Mercantile Bank, Hurst Tire and Service Center, Bally Total Fitness and Blockbuster, which bring the property to 56 percent occupancy.
The vacant units range in size from 901 square feet to 52,820 square feet, according to a press statement.
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