Town Lane and Gillon Property Group Acquire Watters Creek Village [Yahoo! Finance]
Albertsons Companies, Inc. Class A (ACI)
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Source: Yahoo! Finance
ALLEN, Texas, April 01, 2026 BUSINESS WIRE Town Lane , a New York-based real estate investment manager, and Gillon Property Group (GPG) have announced the acquisition of Watters Creek Village , a 460k SF, grocery-anchored mixed-use destination located in Allen, Texas. The acquisition marks a new chapter for the highly regarded center, reinforcing its role as a dominant retail and community hub within the rapidly growing North Dallas corridor. An Ares Real Estate fund ("Ares") provided the debt financing for the acquisition. Watters Creek Village is strategically positioned along U.S. Highway 75, which carries over 200k vehicles per day, offering excellent visibility and accessibility. The 46-acre property features ~360k SF of retail anchored by grocer Market Street, an upscale concept operated by The United Family (Albertsons), and ~100k SF of boutique office space. "Town Lane is excited to expand its investments in the retail sector through the acquisition of Watters Creek Villa
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ACI
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- 3/13/26 - Form 4
- 3/11/26 - Form 4/A
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