January 14, 2008

WEITZMAN, CENCOR CONTINUE TO GROW IN D/FW 

 DALLAS/FORT WORTH— The Weitzman Group during recent months has been awarded approximately 2.9 million square feet of new project-leasing assignments in Dallas/Fort Worth. Weitzman’s sister company, property management firm Cencor Realty Services, has been awarded property management assignments totaling approximately 1 million square feet. As a result, Weitzman now is responsible for leasing more than 23 million square feet of retail space in Dallas/Fort Worth and 44 million square feet throughout Texas.

The company continues to grow by focusing on its specialty, non-mall retail projects that range from neighborhood centers, community centers, power centers and regional-draw projects. The new leasing assignments range from established centers to pr-leasing for new developments.

As the company continues to grow, Weitzman is growing its brokerage staff in Dallas/Fort Worth with the addition of seasoned brokers. Weitzman has brought on eight new associates in recent months, including two who specialize only in Tarrant County and one who specializes in Denton County.

The newest project Weitzman now leases is The Presidio on I-35W and North Tarrant Parkway. This project, a project of LNR Property Corporation of California, is designed to have 1 million SF of retail space, as well as a mix of uses.  Construction on the first phase of retail is set for this year.

Recent community/specialty center listings include:

·         (Weitzman and Cencor) Hebron Parkway Plaza and Hebron Crossing, two projects of Westwood Financial Corp. Hebron Parkway Plaza is a 109,124-square-foot community center at 4009 Old Denton Road at W. Hebron Parkway. Hebron Crossing is a 96,401-square-foot community center at 1016 E. Hebron Road at Old Denton Road. Hebron Crossing features Albertsons, Starbucks, Carvel Ice Cream, Blockbuster, CiCi’s Pizza, Sport Clips and more. Hebron Crossing features a shadow anchor, a 74,000-square-foot Kroger Signature, as well as Escape Café, Supercuts, Ebby Halliday, Postnet and more;

·         (Weitzman and Cencor) Watauga Towne Center, a 65,280-sqiuare-foot project anchored by Albertsons at the southwest corner of SH-377 and North Tarrant Parkway, Watauga;

·         (Weitzman and Cencor) Southwest Plaza, a 142,000-square-foot project at I-20 and Little Road, Arlington, anchored by Albertsons and Gold's Gym;

·         (Weitzman and Cencor) Prestonwood Place, a 162,000-square-foot specialty center at the southeast corner  of Belt Line Road and Montfort Drive in Addison. The center features La Madeleine, Steak & Ale, Bennigan’s, Chipotle, Soho Jazz Café and  Momo’s Pasta;

·         (Weitzman and Cencor) Royal Crossing, a 22,579-square-foot center at the southeast corner of Central Expressway and Royal Lane. Royal Crossing, a project of Westwood Financial Corp., features Sleep Experts, Texaco, Wingstop, Domino’s Pizza and more;

·         (Weitzman and Cencor) Panther Park, a 73,550-square-foot center at the southeast corner of Park Boulevard and Jupiter Road in Plano. The center features Dollar General, Rent-A-Center, Domino’s Pizza and others;

·         (Cencor)  Arlington Park Plaza, a 67,382-square-foot center at 3801 South Cooper at Arbrook, near The Parks at Arlington Mall. The center features David’s Bridal and Jason’s Deli;

·         (Cencor) Addison Plaza, a 32,258-square-foot center at the northeast corner of Belt Line Road and Marsh Lane in Addison. The center features Chipotle, Dickey’s Barbecue Pit, Dunn Bros. Coffee, Smoothie Factory, Subway and Edward Jones;

·         (Cencor) McDermott Square, a 34,189-square-foot specialty center at the northeast corner of McDermott and Independence Parkway in Plano. The center includes Pacuigo and Hathaway Academy of Ballet.

Power center listings include:

·         Lake Worth Marketplace, a new 187,472-square-foot project at 6034 Azle Avenue at Loop 820 in Fort Worth. The project features Kohl’s, Bed Bath & Beyond, Marshalls, Kirkland’s Home and many more.

Recent mixed-use listings include:

·         Centennial Park, a new mixed-use project in Richardson with 44,000 square feet of retail, 300 multi-family units, condos and single-family housing now under way at Greenville Ave and Centennial Boulevard;

·         The Venue, a project with 6,000 square feet of  retail on ground level with 285 luxury apartments above the retail. The mixed-use project is at the northwest corner of Galatyn Parkway and Performance Drive, Richardson;

·         Broadstone Parkway, a mixed-use project with 40,000 square feet of retail below 333 upscale apartments. The project is located near the Galleria, at 13465 Inwood Road at the Dallas North Tollway, Farmers Branch.

 

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