SHOP Cos. Arranges Sales of Three Shopping Centers in Texas Totaling 68,771 Square Feet

SHOP Cos. arranged the sale of the 24,389-square-foot McDermott Plaza and a freestanding 3,800-square-foot BB&T Bank in Allen, Texas. SHOP Cos. arranged the sale of the 24,389-square-foot McDermott Plaza and a freestanding 3,800-square-foot BB&T Bank in Allen, Texas.

Dallas — Dallas-based SHOP Cos. Investment Sales has arranged the sales of three shopping centers totaling 68,771 square feet in the Dallas/Fort Worth metro.

The first center, Craig Ranch North Plaza, totals 38,265 square feet and is located in McKinney, 25 miles north of Dallas. The second transaction included McDermott Commons North and a freestanding 3,800-square-foot BB&T Bank in Allen, 30 miles north of Dallas. The 24,389-square-foot center was fully leased at the time of sale to tenants such as Foundation Health Chiropractic, Absolute Dental and Delight Indian Cuisine. The third property, Cook’s Children and Frisco Elm Dental, totals 6,035 square feet and is located in Little Elm, 45 miles northwest of Dallas. The property was fully leased to the two tenants with seven and 10-year primary term leases, respectively. SHOP Cos. represented the undisclosed sellers in all three transactions. The names of the buyers were not disclosed.

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