Property
The Crossing
Location
North Richland Hills, TX
Size
186,643 SF
Value
$29M
Type
Sale

The Crossing

AC Crossing Partners, LLC, a partnership between Centennial Real Estate Company and an affiliate of Atlantic Creek Real Estate Partners, LLC, has retained BlueGate Partners, LLC to be its exclusive broker in the marketing and sale of The Crossing (the “Property”), a 186,643 sf Kohl’s anchored shopping center in North Richland Hills, TX. North Richland Hills is part of the dynamic Dallas-Fort Worth MSA, the nation’s fourth largest metropolitan area by population. The Property’s location is at the northwest corner of Grapevine Highway (Highway 26) and Precinct Line Road, approximately two miles north of I-820 (exit 22A). The Property is comprised of a Kohl’s anchored shopping center (Kohl’s is on a ground lease) with a shadow anchored Signature Kroger and Office Depot, and approximately 100,059 sf of single-story inline space and outparcel buildings. The Crossing was originally constructed in 1999-2000, and is in excellent condition and maintained to the highest institutional standards.

The Property has a current owned occupancy of approximately 89.0 percent as of September 2015. The Property has ample parking (approximately 5.6 cars per 1,000 building sf) and has a strategic regional retail location with a combined daily average traffic count of over 47,000 cars along Precinct Line Road and Grapevine Highway.