JAH Realty, L.P. (“JAH Realty”) announces the acquisition of a portfolio of three Tom Thumb shadow-anchored shopping centers in the Greater Dallas area. Pioneer Plaza is a 16,200 SF shopping center located at Pioneer and E. Cartwright in Mesquite, and includes tenants such as Chase Bank, Tom Thumb Fuel, AT&T and H&R Block; Shiloh Square at Arapaho and N. Shiloh in Garland is 24,038 SF with Chase Bank, Tom Thumb Fuel, Starbucks & T-Mobile; and Suncreek Village at Alma and Hedgecoxe in Plano is 17,509 SF with Tom Thumb Fuel, Great Clips and State Farm. Suncreek Village & Pioneer Plaza both include undeveloped land parcels.
“We are pleased with the acquisition of three quality neighborhood grocery-anchored centers with strong anchor sales and a diversified mix of retail and service tenants with the added benefit of a development and lease-up component.” said Graham Irvine, Director of Investments for JAH Realty, LP.
The portfolio was sold by a partnership of Pine Tree Commercial Realty and Annaly Commercial Real Estate Group who was represented by Chris Cozby & Chris Gerard of CBRE.