Arlington Retail Asset Changes Hands

A private investor sold an 87,900-square-foot, five-building shopping center in Arlington, Texas. Bill Jordan of Marcus & Millichap represented the seller and secured the buyer.

Sublett Corners Shopping Center in Arlington, Texas
Sublett Corners Shopping Center in Arlington, Texas

Marcus & Millichap sold Sublett Corners Shopping Center in Arlington, Texas, to a private investor. Bill Jordan, vice president of investments in the company’s Fort Worth office, had the exclusive listing to market the property. Additionally, Jordan also secured the buyer.

High Occupancy

Located at 5900-5912 South Cooper St., in the heart of Arlington, the asset offers easy access to and from Highway 157 and West Sublett Road. The Stein Mart-anchored shopping center consists of five separate buildings totaling 87,900 square feet. At the time of sale, the property was 94 percent occupied.

Sitting on more than 10 acres of land, the property also features two single-tenant pad sites that are occupied by KFC and PrimeCare Emergency Clinic, as well as two multi-tenant buildings.

The sale comes less than a month after Transwestern sold Arbors at Brookhollow, a two-story, 113,500-square-foot office building in Arlington.

Image via Google Street View