First Washington Realty has acquired The Shops at Lake Highlands Town Center in Dallas.
The newly developed 63,209-square-foot retail property is located on the corner of Walnut Hill Lane and Skillman Street. It is anchored by Sprouts and serves the Lake Highlands community.
“Lake Highlands is a dense neighborhood, with excellent schools, quality housing and proximity to multiple employment nodes. The Shops at Lake Highlands Town Center is poised to become the focal point of the community due its location and terrific tenant mix. This acquisition aligns well with our strategy to own best-in-class centers in attractive markets, and we are delighted to become part of this dynamic community,” stated Alex Nyhan, co-president and managing director at First Washington Realty.
While First Washington owns a number of retail assets throughout the country and Texas, this acquisition will be its first in Dallas.