Southlake Town Square
Southlake, TX
This asset represents a perfect example of how the UCR platform has worked to help a shopping center owner determine the most prudent manner in which to sell a highly desirable real estate asset. UCR Investment Sales and UCR Realty collaborated with Cooper & Stebbins to help them identify the most suitable buyer for the asset. As a result, UCR Investment Sales successfully arranged the sale of Southlake Town Square, one of the premier mixed-use/lifestyle centers in the country, to Inland Western Retail Real Estate Trust.
In 2004, the first phase sold for $143,000,000. Over the next several years, the owner developed additional phases with the most recent phase completed in 2009. In aggregate, Southlake Town Square has been developed in four phases and was sold based on a cumulative sales price in excess of $271,000,000 representing 840,677 square feet of retail.
| developer | Cooper & Stebbins |
| gla | 750,000 sf |
| year opened | 1999, 2006 (Phase II) |
| retailers in place | American Eagle Outfitters, Banana Republic, Chico's, Crate & Barrel, Barnes & Noble, Cheesecake Factory, Apple, J. Crew, Anthropologie, Mi Cocina, Pottery Barn, Williams-Sonoma, Victoria's Secret, Coach |
I have done over $500 million in deals over the last 5 years with David. In all the deals we have done together he always puts the interest of the client ahead of his own to make sure a good deal gets done and everyone walks away wanting to do more business.
Matt Tice
Vice President, Inland Real Estate Acquisitions, Inc.