Capital markets firm Disney Investment Group announced Oct. 9 it has brokered the sale of the shopping center on behalf of former property owner LRIC Properties, DIG owner David Disney said.
The details
The company sold the property to an undisclosed local buyer represented by DuWest Realty. While the amount of the deal was undisclosed, Denton Central Appraisal District values LRIC’s portion of the property at least at $7.8 million including land, retail space and parking, according to 2024 appraisal documents.
The nearly 58,000-square-foot center is anchored by a newly opened Fiesta Mart along with over 20 other shops. The Fiesta Mart was not part of the sale, Disney said.
“We're in the process of working on the sale of the Fiesta building as well,” he added.
The Chipotle and 151 Coffee shop are separately owned and not part of the sale, Disney said. Dave’s Hot Chicken, which is set to open Oct. 11, according to the company’s social media, was part of the transaction, Disney said.
“People love that restaurant, and they're going up all over the country and all over the state, and they landed here, so that'll be great for the residents,” he said.
More details
Sports Clips, Cicis Pizza, The UPS Store, Fyzical Therapy Center and Isla Dental were included in the sale along with the following:
- Sherwin-Williams
- Premier Medcare
- Cato
- Signarama
- Tide Laundromats
- PDQ Temporaries
- DJ Cheaper Cigarettes
- Total by Verizon
- Metro by T-Mobile
- Boost Mobile
- State Farm Insurance
- H&R Block
- A-Max Insurance
- Accident & Injury Chiropractor
- T-Mobile
Dallas-based LRIC Properties was formed in early 2014 focused on the development, redevelopment and investment in retail properties throughout Texas, the Southwest and South.
