Venture Commercial Real Estate announced that its investment group Venture Investment Partners has completed the acquisition of Sublett Corners Shopping Center, an 87,900 square foot center located on the northwest corner of S. Cooper Street and Sublett Road in Arlington.
The center is 93% leased and is shadowed-anchored by Albertsons. Tenants include Stein Mart, Dollar Tree, Supercuts, Cicis, KFC and Jack in the Box.
Bo Brownlee and Easley Waggoner, Jr. represented Venture Investment Partners in the transaction. Bill Jordan with Marcus and Millichap represented the seller, Rip Griffin Truck Service Center, Inc. Waggoner, along with Venture’s Amanda Throckmorton, will handle leasing for the center, and Venture Commercial Management will provide property management services.
“With the acquisition of Sublett Corners, Venture Investment Partners continues to build out its portfolio, with a goal to maximize value for investors by capitalizing on the retail talent here at Venture Commercial,” said Waggoner.
This deal marks the third acquisition by Venture Investment Partners, an investment platform that leverages Venture’s strengths in retail leasing, property management and asset management. Other properties in the portfolio include Hulen Fashion Center in Fort Worth and Preston Stonebrook in Frisco.
About Venture Commercial
Venture Commercial Real Estate is a leader in retail brokerage services throughout the Southwest and is dedicated to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information, visit venturedfw.com.