August 13, 2013

Restaurant Pad Building Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) has partnered with Centennial Real Estate Company, LLC, to acquire a restaurant pad building. The property consists of 4,417 rentable square feet located directly across the street from the Village Park Whole Foods anchored neighborhood shopping center located off of Colleyville Boulevard and Glades Road in Colleyville, TX, an affluent suburb in the Dallas – Ft. Worth MSA. The property was acquired with the intention to reposition the asset commensurate with the make-over of the Whole Foods anchored shopping center across the street. The property’s close proximity to the center across the street will provide synergistic tenancy while enhancing value. The restaurant pad building marks the fourth retail acquisition Atlantic Creek has advised on for the joint venture partnership.

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.