Centergy Retail Spins Off Fort Worth Shopping Center

Centergy Retail sold off Left Bank, a 114,120 square foot retail center in Fort Worth. The center’s anchored by grocer Tom Thumb. Besides Tom Thumb, additional retail tenants include Hopdaddy Burger Bar, Crumbl Cookies, Nékter Juice Bar and Buffalo Wild Wings. The development is 98% occupied.  A fund run by an undisclosed institutional investor purchased the asset from Centergy for an undisclosed price.

The retail center is part of a 34-acre mixed use development, which will include approximately 1,900 multifamily units upon completion. CBRE National Retail Partners, led by Jim Batjer, arranged the transaction on behalf of the seller. 

CBRE’s Batjer touted the deal, “Left Bank is a premier mixed-use development in one of the densest and fastest-growing submarkets in Dallas-Fort Worth. There was tremendous buyer interest due to its design, ideal location and strong retail performance within the center.”