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Stock impact report

110-acre retail site in Allen gets new ownership [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
store in the DFW area at The Village of Allen on Tuesday, May 25, 2021, in Allen, Texas. (Gareth Patterson/AP Images for Macy's Inc.) ORG XMIT: ARGP101 (Garteh Patterson/AP Images for Macy's Inc.) A large retail hub in Allen is under new ownership. Florida's Sterling Organization, a private equity real estate investment firm, has acquired The Village at Allen, according to a statement by JLL, the real estate company. The transaction is the largest sale of a “power center” retail site in more than two decades, it said. Terms were not disclosed for the site at 190 E. Stacy Road. The Village at Allen spans about 110 acres and has over 850,000 square feet of gross leasable area. The property, which is 89% leased, has tenants such as Super Target, T.J. Maxx & HomeGoods, Dick's Sporting Goods, Best Buy, Michaels and Nordstrom Rack. The announcement follows news that Watters Creek Village — also in Allen — came under the ownership of Town Lane, a New York-based real estate investme Show less Read more
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