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Village At Allen, a 180-acre North Texas shopping center, set to change hands

One of North Texas' biggest shopping centers is changing hands ... The acquisition is set to close before the end of the year and has been widely discussed in real estate industry circles. Six blocks of Dallas' hot Knox Street is up for sale Officials ...

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Like Dallas News' Facebook Page Get Unlimited Digital Access Your first month is less than a dollar. $0.99 for first 4 weeks Subscribe Now One of North Texas' biggest shopping centers is changing hands.The 180-acre Village at Allen retail center is at the southeast corner of U.SHighway 75 and Stacy Lane and opened starting in 2008. The more than 800,000-square-foot development has major retailers including Best Buy, Toys R Us, Pier 1 Imports, the Leather Sofa Co., Tuesday Morning, Total Wine, Dick's Sporting Goods and Sleep Experts.New York-based shopping center investor DLC Management is buying the huge Allen retail complex from owners Prudential Insurance and MGHerring Group. The acquisition is set to close before the end of the year and has been widely discussed in real estate industry circles Six blocks of Dallas' hot Knox Street is up for sale Officials with DLC Management did not respond to requests for information about their purchase or plans for the shopping center.The sale of the Village at Allen comes a year after Prudential sold the neighboring Village at Fairview development to Dallas-based Lincoln Property Co. Lincoln Property has renamed the project Fairview Town Center and is remodeling the property.DLC Management has been in business since 1991 and owns shopping centers in about 20 states stretching from Texas to Maine. In Texas, its sole holding has been the Whiterock Marketplace shopping center in northeast Dallas.The intersection of U.S75 and Stacy Road, which includes the Village at Allen, is one of North Texas' busiest retail locations.Shopping center owner Simon just completed renovations to its Allen Premium Outlets retail project at the northwest corner.Developers also recently received zoning for a large mixed-use retail, residential and commercial project on the vacant southwest corner View Comments Tags Real Estate Business Allen Share Facebook Twitter Email Print This Story Taking you back to Business (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); = id; js.src = "//"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); More about Dallas News About Us Careers Advertise Contact Us Special Sections FAQ Privacy Policy Terms of Service Site Map Get More Dallas News Aroun

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