Vestar Acquires Twin Creeks Marketplace in Dallas Suburb
Vestar, one of the leading privately held real estate companies in the western United States, announced today that it has acquired Twin Creeks Marketplace, a 43,134-square foot grocery-anchored neighborhood center located at 1265 W. Exchange Parkway in the Dallas, Texas suburb of Allen.
Developed by StreetLevel Investments in 2016 , Twin Creeks Marketplace is situated on five acres at the intersection of W. Exchange Parkway and Alma Drive. The center is leased to several national and regional retailers including Sprouts Farmers Market, Verizon, Starbucks, Advancial Credit Union, Luxe Nails, Studio Smiles and ATI Physical Therapy.
Vestar’s team brings a wealth of experience, leadership, and resources to Twin Creeks Marketplace. Geared toward the ownership and management of quality institutional assets, Vestar operates over 26 million square feet of premium retail space throughout the western United States.
“Allen is one of the fastest growing cities in the Dallas-Fort Worth Metroplex with an affluent and highly educated population,” said Clint Marchuk, Vestar Vice President of Acquisitions. “Vestar is excited to add this newly developed property to its high quality portfolio and is seeking to acquire additional grocery-anchored shopping centers.”
Brandon Beeson from EDGE Capital Markets brokered the deal on behalf of the seller, StreetLevel Investments. EDGE Realty Partners initially leased the project.