CIM Group and Open Realty Advisors announced the sale by a CIM-managed fund of the Henderson Avenue retail portfolio consisting of 15 prominent retail buildings, totaling 124,000 square feet and spanning approximately one mile along Henderson Avenue in Dallas.
Acadia Realty Trust acquired the asset in its entry into the Dallas-Fort Worth market.
The Henderson Avenue portfolio comprises 15 single-story standalone buildings and more than 160,000 square feet of development potential on 4.33 acres. Anchored by Sprouts Farmers Market, the Henderson Avenue district is a pedestrian-friendly destination featuring a variety of modern retailers alongside locally inspired restaurants and nightlife options popular with both Dallas residents and visitors.
Since acquiring the Henderson Avenue retail properties in 2012, CIM and Open Realty have expanded the area’s tenant array and enhanced the appeal of the district with the addition of fashion brands Warby Parker, Bonobos,
