An affiliate of Houston-based Fidelis Realty Partners Ltd. has bought a Frisco-based grocery-anchored retail center, adding to the group's holdings totaling 9 million square feet of owned, or soon-to-be-acquired or developed property.
The operations of the new property will run out of Fidelis' newly opened Dallas-Fort Worth office on McKinney Avenue, which is led by Rick Coe. Fidelis' affiliate bought the property from WD Eldorado & Tollway LP, an affiliate of Plano-based Duggan Realty Advisors LLC and Waitt Investments. Terms of the deal were undisclosed.
The 162,331-square-foot retail property, Eldorado Market Place, sits at the northwest corner of the Eldorado Parkway and the Dallas North Tollway in Frisco, a growing city that sits next to nearby growing corporate hubs.
Tenants of the property include Market Street, Raising Cane's, The UPS Store, Jersey Mike's and AT&T Inc. Eldorardo Market Place is 99 percent leased to 35 tenants.
An HFF team represented the seller in the deal, which played well into Fidelis' acquisition strategy, which is growing northward from its holdings that are primarily in the greater Houston area.
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