Properties listed here are projects in which ATR Corinth Partners has predominantly acted either in its primary capacity as developer/ redeveloper of properties suitable for “adaptive re-use”, or in its secondary role as an opportunistic investor in unusually attractive stabilized properties suitable for early resale. (See the “What We Do” tab of this website for a general discussion of the types of investments we make.) These are the types of projects for which our partnership seeks equity co-investors.
Ideally located at the northeast corner of US Route 30 and US Route 74 in York, this property was purchased for redevelopment. In addition to the anchors noted above, the mall includes entertainment, restaurant and retail tenancy. The redevelopment plan consists of “de-malling” the property and creating a plaza area within the site. As a result, the new shopping center will have external entries for all tenants with the plaza area serving as a central corridor and activity hub. The redevelopment will return the center to prominence as a retail destination, and is expected to be completed by December 2014. Upon completion, the shopping center will be rebranded as West Manchester Town Center. Totaling 602,000 square feet, the Center will benefit from excellent frontage at a major retail intersection, strong trade area demographics and a solid tenancy mix anchored by six nationally recognized retailers. Additionally, the 95-acre site will contain plenty of excess, undeveloped land that can be utilized to explore future development opportunities and the expansion of the property’s retail footprint.
Located at the intersection of Slide Road and 68th Street, the shopping hub of Lubbock which is roughly three miles from the campus of Texas Tech University, this shopping center was acquired as an income-producing investment. It is one of only two enclosed malls in the entire Texas Panhandle, with the other located two hours to the north in Amarillo. Occupancy at acquisition was 93% and through re-tenanting has grown to more than 98% as of the end of 2012. A strong customer base for the center is provided by the students and visiting parents/ alums of Texas Tech, by affluent neighborhoods nearby and by the population of the surrounding West Texas area and Eastern New Mexico, for whom Lubbock is a shopping magnet. Major economic drivers of the Lubbock community served by this mall include Texas Tech, a regional medical center in town that serves West Texas and Eastern New Mexico, and substantial county government offices located in Lubbock.
Spring Creek Village is located at the northeast corner of William D. Fitch Rd. and Highway 6 in College Station, home of Texas A&M University. This is a ground-up, master-planned, mixed-use development. The 11.9-acre site is located in the high-growth and affluent area of south College Station, at an intersection that has become an active and popular location for retailers, including HEB Market across the street from Spring Creek Village.
Located at the southwest corner of Interstate-35 and Loop 12, this ground-up development is a master planned regional shopping center anchored with Super Walmart and junior anchors, and featuring pad sites and small shop retail. This project is located at the southern entrance to Dallas, adjacent to the highly regarded Glen Oaks community of South Dallas. It is being developed to be an income-producing property.
Cedar Hill Village is located at the southwest corner of US 67 and FM 1382 in Cedar Hill, Texas, about 20 minutes from downtown Dallas. The center was developed from the ground up and was built to be an income producing property. A mixed-use retail and office development, it is across from the new Cedar Hill government center and in the heart of the Cedar Hill shopping district. Occupancy as of the end of 2012 was 100%.
Located at the northwest corner of Eldorado Parkway and US 75/ Central Expressway, this shopping center was developed as an income-producing property. Its first and largest phase was completed in 2005, with two smaller phases completed by 2008. McKinney, the community served by the center, was named in 2005 by Money Magazine as one of the top ten places to live in the country. With over 25,000 households within a 3-mile radius of the shopping center and median household income and value well over the national average, McKinney’s neighborhoods provide a large, affluent base of consumers to patronize the center’s businesses.
This small retail redevelopment is located at the major intersection of Mockingbird Lane and Greenville Avenue. It is also very near the campus of Southern Methodist University, where much of its customer traffic originates. Occupancy as of December 2012 was 100%.
Acquired as 100 Oaks Mall, this declining two-story mall with 45% occupancy (located on a 57-acre site to the south of the city and adjacent to I-65, the major north/ south artery through Nashville) was revitalized by redeveloping it into a mixed-use property. Approximately 450,000 square feet of the second and third floors were reconfigured to provide space for 20 medical clinics and accounting, billing and other administrative offices for Vanderbilt University Medical Center. After construction of a new façade and other extensive site upgrades, including ingress/ egress improvements and the addition of two pad sites for restaurants, the remaining space (approximately 441,000 square feet) was occupied by a mix of retail tenants. Occupancy of the property had been raised to more than 99% by the time it was sold.
Located at the intersection of Slide Road and 68th Street, the shopping hub of Lubbock which is roughly three miles from the campus of Texas Tech University, this shopping center was acquired as an income-producing investment. It is one of only two enclosed malls in the entire Texas Panhandle, with the other located two hours to the north in Amarillo. Occupancy at acquisition was 93% and through re-tenanting had grown to more than 98% as of the end of 2012. A strong customer base for the center is provided by the students and visiting parents/ alums of Texas Tech, by affluent neighborhoods nearby and by the population of the surrounding West Texas area and Eastern New Mexico, for whom Lubbock is a shopping magnet. Major economic drivers of the Lubbock community served by this mall include Texas Tech, a regional medical center in town that serves West Texas and Eastern New Mexico, and substantial county government offices located in Lubbock.
Originally acquired for redevelopment into medical offices, this former Toys ‘R’ Us store was purchased because of its optimal location adjacent to Texas Health Presbyterian Hospital and at the intersection of US Highway 75 (Central Expy) and Walnut Hill Lane. The latter crossroads is at the center of one of Dallas’ largest, growing complexes of medical and retail development. The plan to convert the space to medical offices was set aside when a highly-motivated lessee, who was unable to lease space elsewhere at this strategic intersection, offered very attractive lease terms. The building was remodeled and leased to Spec’s as the Houston-based chain’s flagship location for their entry into the Dallas market.
Located at the northwest corner of Highway 6 and University Drive in College Station, home of 53,000-student Texas A&M University, Gateway Center is a mixed-use lifestyle/regional power center, developed from the ground up. It had 100% occupancy when it was sold in 2010.
This grocery-anchored neighborhood shopping center is located at the intersection of 4th Street and Slide Road and was acquired as an income-producing investment. The property is only two miles from Texas Tech University, whose 31,000 students, 9700 staff and many visiting parents and alumni provide a strong customer base for the center’s stores. The shopping center also benefits from its proximity to some of Lubbock’s most affluent residential neighborhoods. United Supermarket, headquartered in Lubbock, anchors the center. The presence of United, the #1 pure grocery store in Lubbock, provides weekly, needs-based customer trips to Northpark Village. Occupancy for the center was 90% upon acquisition and approximately 97% when it was sold.
This retail center development project sparked an interest in the southern part of Dallas County. Occupancy was 100% when the property was sold in 2004. Tenants included Barnes & Noble, Pier 1 Imports, Office Max, Ross, Marshalls, Macaroni Grill, Chili's, Wendys and others.
This community shopping center is located at the NE corner of Plano Parkway and Alma Drive, in one of the major shopping districts of the affluent town of Plano. Occupancy was raised approximately 11%, from 87% to 98%, and rents were stepped up aggressively, such that cash-on-cash return on the property was increased to approximately 30% by the time the property was sold.
(Click on property name to see a site plan of that property)
12700 Park Central Drive
Dallas, Texas 75251