Vestar acquires Dallas grocery-anchored center

Vestar announced the close of a deal to acquire the Twin Creeks Marketplace in Allen, Texas, north of Dallas.



Opened in 2016, the 43,134-sq.-ft. center sits on five acres at the intersection of W. Exchange Parkway and Alma Drive. Tenants include Sprouts Farmers Market, Verizon, Starbucks, Advancial Credit Union, Luxe Nails, Studio Smiles, and ATI Physical Therapy.



"Allen is one of the fastest growing cities in the Dallas-Fort Worth metroplex with an affluent and highly educated population," said Vestar VP of acquisitions Clint Marchuk, who added that the company is in buying mode for more grocery-anchored properties.



The company operates more than 26 million sq. ft. of retail space throughout the western United States.

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