JAH Realty, L.P. (“JAH”) announces the acquisition of The Shops at Stonebriar, a 182,943-square foot shopping center located on approximately 22 acres at the southwest corner of Preston Road. & Gaylord Parkway. in Frisco, TX. The acquisition closed on November 8, 2017. The 94% occupied center is anchored by Toys R Us/Babies R Us, Sun & Ski Sports, DXL, Patel Brothers Grocery, and includes other notable tenants such as Fadi’s, Fitness HQ, Smoothie King, The Vitamin Shoppe, Fuddruckers, Weight Watchers, Bellezza Salon Suites and Rocky Mountain Chocolate Factory.
The property was sold by ACF Property Management & GDA Real Estate Services who were represented by Strive Real Estate.
Graham Irvine of JAH commented: “The Shops at Stonebriar is a long-term investment in one of the most dynamic suburbs in the country. Frisco has been recognized as an epicenter for population growth for almost two decades. We have looked for an opportunity to acquire a property in Frisco for several years and are excited to have completed this transaction.”
Ethan Slavin & William Rosatti with JAH will handle the leasing of the shopping center and can be reached at 214-220-2274 or ethan.slavin@jahco.net and william.rosatti@jahco.net.
JAH Realty, L.P. wholly owns and manages a shopping center portfolio of 2.2 million square feet in Dallas-Ft. Worth and Oklahoma City, and additionally manages a further 2 million square foot portfolio throughout the country on behalf of TriGate Capital, LLC (an affiliated company).