BlueGate Partners, LLC represented AC Village Park Partners, LLC in the sale of its fee simple interest in Colleyville Downs to Indianapolis, IN based Kite Realty for an undisclosed price. The building is a Class “A” multi-tenant retail building totaling approximately 200,910 rentable square feet and is located in affluent Colleyville, TX within the Dallas Ft-Worth MSA. The main tenants at the Property include new Whole Foods Market and Petco stores as well as Goody Goody, and Ace Hardware.
“This was an exceptional opportunity to acquire a trophy asset in a highly desirable location” said BlueGate’s Managing Partner Dan Sachs. According to Managing Partner Eric Bylin, “the buyer will be able to earn an attractive risk adjusted yield through new long term leases in a center anchored by Whole Foods, one of the most desirable retail tenants.”
BlueGate is a boutique real estate investment banking firm with offices in New York and Palm Beach, and offers services in the areas of investment sales, portfolio and property financing, and debt and equity capital raising for real estate projects.