The deal, announced Jan. 6, also included the acquisition of Longview Towne Center, a roughly 151,000-square-foot shopping center in Longview, Texas, the release states.

The details

The center, which is anchored by Super Target and Lowe’s Home Improvement, was acquired from developer Weber & Company, a news release states. The shopping center is 98.2% occupied, and features other business and restaurants including:

The release also noted that a freestanding 12,000-square-foot space in the McKinney shopping center, currently occupied by Party City, will be available for a new tenant due to the company’s recently announced bankruptcy filing.

Quote of note

“McKinney, known for its small-town charm and big-time growth, is the fourth-fastest growing city in the nation,” said Kathy Permenter, co-managing partner at Younger Partners Investments, in the release. “380 Towne Crossing has prime visibility from two major highways and is close to Raytheon’s McKinney campus. These and other factors make it an ideal location for robust tenant sales.”

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