Triten Real Estate Partners (TREP) has finalized its acquisition of Market Square Mall in Plano. Market Square Mall consists of 300,000 square feet of former outlet mall space set on 26-plus acres in an Opportunity Zone.
The previous owner, Matthew Loh, was represented by Daniel Eng and Calvin Wong of ENGVEST, while Shop Companies’ Dan Zeltser represented the buyer. The Loh family has had offers to purchase in the past but held off until the right buyer with the right concept was found.
Triten Real Estate has already kicked off the design process. Major pieces of the project will include uniquely designed urban living units, creative office and walkable restaurants, and retail designed with intent to house unique chef-driven dining and first-to-market concepts.
“Rather than tear down structures to build new, we want to embrace the legacy and repurpose the existing structures,” said TREP founder Scott Arnoldy.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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