News

December 12, 2011
Village Park & Colleyville Crossing Shopping Center Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of the well located value-add assets of Village Park and Colleyville Crossing shopping centers (the “Shopping Center”), which are comprised of two adjacent parts of the same shopping center off of Colleyville Boulevard and Glades Road in Colleyville, TX, an affluent suburb in the Dallas - Ft. Worth MSA. The shopping center has excellent visibility and accessibility from Colleyville Boulevard in Tarrant County with approximately 43,000 cars passing by per day. The acquisition of Village Park, consisting of approximately 45,057 square feet of inline retail space, closed on August 24, 2011, while Colleyville Crossing, consisting of approximately 88,714 square feet leased to three junior anchor tenants, closed on December 12, 2011.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.