Rockwall Market Center sold to Dallas-based Dunhill Partners
Dunhill Partners, purchases the 211,971 square foot Rockwall Market Center in Dallas suburb, Rockwall, Texas.
DALLAS, August 15th, 2023 – Dunhill Partners, Inc. announced today that it has closed the sale of the 211,971 square-foot regional shopping center, Rockwall Market Center, situated on 21.42 acres located on the highly desirable I-30 corridor, in Rockwall, Texas. JLL marketed the property and assisted in the sale to Dunhill Partners.
The 100 percent leased Rockwall Market Center, located at 2668 -2885 Market Center Drive, is majority leased to national credit tenants including Burkes, Michaels, Office Depot, Old Navy, Petco & Ross Stores. The regional shopping center was built in 1999 and has enjoyed an average tenant tenure of 18 years.
Dunhill’s Chairman and CEO, Bill Hutchinson, who led the acquisition team, said “Rockwall Market Center, is an exceptional property with high quality tenants, extremely high visibility along the I-30 corridor, and significant barriers for new development. Hutchinson adds, “There’s a reason why tenants establish deep roots in our center. They’ve benefited from the consistently high growth of the Rockwall market over the last decade, which gives us high confidence in the stability and future expansion of this market.”
Rockwall Market Center is the fourth acquisition Dunhill has underwritten since Hutchinson resumed his role as CEO last year. The firm is actively pursuing other high quality retail shopping center acquisitions they plan to announce in the coming months.
About Dunhill Partners
Dunhill Partners is one of the largest privately held commercial real estate investment companies in the U.S. consummating over $5 billion in acquisitions, including the acclaimed Dallas Design District which sold in 2022.
