Village on the Parkway acquired

Dallas -- The Retail Connection, L.P., Lincoln Property Company Commercial and the Fidelity Real Estate Group announced Friday that they have acquired Village on the Parkway, a 380,000-sq.-ft. lifestyle center located in the Addison area of the Dallas Fort Worth Metroplex.



The center was sold by J.E. Robert Co. after the default by its previous owner.



“We are excited about acquiring one of the premier retail locations in the DFW metroplex and redeveloping it into a first-class retail, entertainment and dining district,” said Alan Shor, president of The Retail Connection, L.P.



Village on the Parkway consists of seven Mediterranean-style buildings with gardens, monument towers and water gardens throughout the center. The center has been re-merchandised over the years with local and national retailers and restaurateurs and has maintained a high occupancy while acting as the gateway to the City of Addison.