Dell Affiliate Acquires Retail, Multifamily Share of Mixed-Use Development in Dallas

MSD Capital LP, an investment firm for Michael Dell and his family, has acquired a portion of the Knox Street dining and entertainment district. The acquisition includes the district's Trader Joe's grocery store. MSD Capital LP, an investment firm for Michael Dell and his family, has acquired a portion of the Knox Street dining and entertainment district. The acquisition includes the district's Trader Joe's grocery store.

Dallas — MSD Capital LP, a private investment firm that manages the capital of computer magnate Michael Dell and his family, has acquired shares of the Knox District, a mixed-use development in Dallas.

The acquisition totals approximately 11 acres, including 170,000 square feet of retail space and 165 multifamily units. Current retail tenants include Crate & Barrel, Trader Joe’s and Pottery Barn. Other terms of sale were not disclosed, but The Dallas Morning News reports that the acquired properties are valued as high as $250 million.

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