Two D-FW shopping centers — Arapaho Village in Richardson and Valley Square in Lewisville — sold to new owners last week.
The 101,507-square-foot Arapaho Village, located at W. Arapaho Road and West Shore Drive in Richardson, was sold to an affiliate of leasing firm Weitzman. The mall is anchored by a Tom Thumb and was 92% leased, according to Disney Investment Group, brokers on both deals.
Terms of the deals were not disclosed.
The Valley Square shopping center is a 57,812-square-foot property near I-35E at 724 W Main St. in Lewisville. The center is 100% leased and its biggest tenant is a recently opened Fiesta Mart, according to a release. The buyer remained undisclosed.
The two shopping centers are anchored by grocery chains as the sector expands in North Texas. Forney, a rapidly growing eastern suburb, is building a new H-E-B and added a Tom Thumb recently. H-E-B has been aggressive in expanding in the area and announced its first store in Dallas County last month.
