February 23, 2017
SHREVEPORT, LA. – Transwestern’s Southeast Investment Services Group today announces it brokered the disposition of East Side Plaza, a 78,761-square-foot retail property. Dalton Street Properties acquired the Michaels-anchored power center at 7460 Youree Drive in Shreveport, Louisiana, for $8.95 million. Transwestern Vice President Fred Victor represented the seller, Eastside Dunhill, in the transaction.
“The East Side Plaza sale was a significant win for both parties, allowing the seller to exit a non-focal market while providing the purchaser with a high-quality asset,” said Victor. “The sale price reflected the continued demand for well-located retail centers with a value-add component.”
Developed in 2004 to institutional-quality standards, East Side Plaza houses national credit tenants, including Michael’s, Guitar Center, Dollar Tree and Cato. Located within Shreveport’s premier retail node, East Side Plaza benefits from solid surrounding demographics, proximity to major roads, high traffic volume, excellent visibility and convenient ingress/egress.
ABOUT TRANSWESTERN’S SOUTHEAST INVESTMENT SERVICES GROUP
Transwestern’s Southeast Investment Services Group (Southeast ISG) combines capital markets and investment banking expertise, local market knowledge and proven transaction execution to provide strategic disposition services for multifamily, office, retail, industrial and land assets located in Alabama, Georgia, Florida, Mississippi, North Carolina, South Carolina and Tennessee. Based in Atlanta with offices in Miami, Fort Lauderdale and Orlando, Transwestern’s Southeast ISG has established a successful track record for maximizing value and creating lasting relationships with clients that range from local entrepreneurs to the largest corporations in the country.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Southeast region, follow @TranswesternSE.