Village on the Parkway, a 343,911-square-foot urban retail village in Dallas, has been acquired by VOP Partners. JLL Capital Markets marketed the property on behalf of the seller.
Village on the Parkway was delivered in 1981 as Sakowitz Village, an urban lifestyle center with high-end shops and restaurants. The retail property was redeveloped in 2014, adding Whole Foods Market, AMC Theatre and refreshed restaurant concepts. The property currently consists of eight retail buildings that house a mixture of grocery, essential and soft goods retailers and high-traffic restaurants. The property is anchored by Whole Foods and AMC Theatre.
According to JLL, the buyer is planning to make exterior updates, add more green space and free shuttle service for customers, and densify the vacant lot across from Whole Foods.
“There was tremendous investor interest in the offering as the property is extremely well positioned to continue its retail — mixed-use evolution,” sa
