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April 01 , 2011

Village on the Parkway in Addison acquired

Village on the Parkway in Addison acquired

 

Dallas Business Journal

Dallas Business Journal - by Candace Carlisle, Staff Writer

Date: Friday, April 1, 2011, 5:56pm CDT 

The Retail Connection, Lincoln Property Company Commercial Inc. and the Fidelity Real Estate Group announced Friday they acquired Village on the Parkway, a 380,000-square-foot lifestyle center at the southeast corner of Belt Line Road and the Dallas North Tollway in Addison.

The purchase price was not released.

"We are excited about acquiring one of the premier retail locations in the DFW Metroplex and redeveloping it into a first class retail, entertainment and dining district," said Alan Shor, president of The Retail Connection L.P., in a written statement. "Utilizing the talents and experience of our partners and the City of Addison, we will insure the long term success of this center."

The Fidelity Real Estate Group made the investment through a real estate fund.

"We are pleased to team with The Retail Connection and Fidelity Real Estate Group to purchase one of the best retail assets in the marketplace," said Robert Dozier, executive vice president of Lincoln Property Company Commercial Inc., in a written statement.



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