Dunhill Partners recently purchased the Rockwall Market Center, a roughly 212,000-square-foot retail plaza situated on the Interstate 30 corridor east of Lake Ray Hubbard. Built at the turn of the century, the more than 21-acre shopping center is a fully leased property with tenants like Office Depot, Burkes Outlets, Michaels, Old Navy, and Petco, among others.
JLL marketed the project, “With direct access to Interstate 30, the Property draws over 1.5 million annual visitors, benefiting from a heavily trafficked intersection with visibility to over 103,000 vehicles per day.”
Not only does the property yield 82% of its income from retail tenants, but JLL notes in its description that the property is also deemed a “high-performing power center significantly below replacement cost with mark-to-market rents.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.