A partnership between PCCP and Trademark Property Co. has sold Watters Creek at Montgomery Farm, a 458,091-square-foot, premier, open-air, mixed-use, grocery-anchored retail and office destination that is part of the Watters Creek development within the affluent Dallas–Fort Worth community of Allen, Texas.
The financial terms were not disclosed; however, a partnership comprising Dallas-based Charter Holdings and DuWest Realty acquired the asset.
Completed in 2008, the 46-acre Watters Creek at Montgomery Farms is in the top 4 percent of shopping centers in DFW and is part of Waters Creek, an iconic, 1.1-million-square-foot live-work-play district that includes multi-housing units, offices, 300 hotel rooms and convention center space within walking distance of the property. The subject property is 87 percent leased and home to a diverse roster of 61 nationally recognized retail tenants, including the top-performing Market Street in DFW and Michaels within 15 miles and
