United Commercial Realty
UCR INVESTMENT SALES ANNOUNCES THE CLOSING OF A CHILI’S GROUND LEASE IN FORNEY, TEXAS8.29.2011- UCR Press Release
DALLAS, TEXAS, Monday, August 29, 2011 – UCR Investment Sales today announced the sale of a Chili’s Ground Lease Property located at the northeast quadrant of Highway 80 & F.M. 548 in Forney, Texas.
Chili’s occupies a 5,860 square foot building on a 1.50 acre site that is part of Mustang Crossing at Forney, a retail development anchored by Walmart Supercenter and Lowe’s Home Improvement that includes 9 fully built-out pad sites and a 31,220 square foot shopping center.
Neighboring retailers to Chili’s include Chick-fil-a, Wendy’s and Whataburger among others.
Tommy Tucker of UCR Investment Sales exclusively represented the seller, a limited partnership located in Dallas, and also procured the buyer, a limited liability company out of Northern California, in the transaction.
Founded in 1988, United Commercial Realty (UCR) is a recognized leader in retail real estate services. Today, UCR represents 218 local, regional and national retailers and manages and/or leases more than 38 million square feet of retail property, including power centers, grocery anchored centers, main street districts, lifestyle centers and mixed-use projects. The UCR Investment Sales team has executed over $2.98 billion in investment sales of retail property. Based in Dallas, UCR also has offices in Austin, Chicago, Fort Wayne, Palm Desert, San Antonio and now Houston. The relationship with ChainLinks Retail Advisors allows UCR to deliver services throughout the nation. www.ucrrealty.com