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Weitzman secures JV equity and acquisition financing for grocery-anchored shopping center in Richardson, Texas
Transactions - OCTOBER 18, 2024

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Weitzman secures JV equity and acquisition financing for grocery-anchored shopping center in Richardson, Texas

by Denise Moose

Weitzman has secured joint-venture equity and acquisition financing for Arapaho Village, a 101,507-square-foot grocery-anchored shopping center in Richardson, Texas.

JLL represented Weitzman and secured the equity commitment and separately arranged the six-year, fixed-rate acquisition loan with an insurance company.

Located at 801–819 W. Arapaho Road, Arapaho Village benefits from its strategic position at the signalized southwest corner of Arapaho Road and West Shore Drive. The property is situated in Richardson's thriving retail submarket, approximately one mile from SR-75 and three miles from Interstate 635.

Built in 1990, Arapaho Village is 91.9 percent occupied. The center is anchored by Tom Thumb, which recently extended its lease through 2030 and invested significant capital in store improvements. Other notable tenants include WellMed Medical Management, Anytime Fitness, UPS, Painting with a Twist and H&R Block.

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