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Sunday, April 14, 2024

Dwelling Depot Buys 14 Acres at Edge Realty’s Anna City Heart



Anna, Texas, could also be nearer to Oklahoma than Dallas, however the far north Dallas city continues to be feeling the Metroplex’s enthusiasm for retail. 

Dwelling Depot bought a 13.5-acre plot to construct a retailer at Anna City Heart, a 115-acre mixed-use undertaking developed by Dallas-based Edge Realty Companions, the agency mentioned in a information launch. Edge Realty’s David Copeland represented the vendor, and Mike Stevens with Steveco Industrial represented Dwelling Depot. 

Anna City Heart is on the northeast nook of U.S. Freeway 75 and FM 455. The middle can also be anchored by Walmart and UHS Hospital. Eating places on the middle embrace Texas Roadhouse, Chili’s, Whataburger, Chick-fil-A, Chipotle and Starbucks. 

Taylor Morrison is growing a built-to-rent neighborhood on a 15-acre plot adjoining to the middle. 

Greater than 23,000 individuals reside inside a 10-mile radius of West Grove. The common family revenue of this inhabitants is $93,853 a yr. The closest Dwelling Depot location is 11 miles away in McKinney. 

Whereas Edge owns business properties across the nation, a lot of the agency’s portfolio is positioned in North Texas. Edge additionally owns close by purchasing facilities like Collin Creek Village, which is subsequent to Collin Creek Mall in Plano, and Collin McKinney Crossing on West Stacy Street in McKinney. 

Positioned 50 miles northeast of downtown Dallas, Anna is likely one of the fastest-growing communities in North Texas. Between 2020 and 2023, the city added nearly 9,000 new residents, a progress charge of greater than 50 %, in response to information from the Texas Demographic Heart. Currently, buyers have discovered protected autos for funding in retail facilities – particularly as misery within the workplace market units in. As building catches as much as demand after a decade of no new retail, availability is at an all-time low and rents are stronger than ever.

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