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Weitzman Affiliate Picks Up Richardson Retail Center
A Weitzman-affiliated company acquired Arapaho Village, a 101,507-square-foot shopping center in the Dallas suburb of Richardson. Disney Investment Group brokered the sale of the property, which features a Tom Thumb supermarket as the anchor. At the time of sale, the property was 92 percent leased. WASA Properties was the seller.
Arapaho Village is at W. Arapaho Road and West Shore Drive. In addition to its 43,256-square-foot Tom Thumb anchor, Arapaho Village is home to Papa John’s Pizza, Dutch Bros Coffee, WellMed, Anytime Fitness, Painting With a Twist, Subway, Arapaho Pharmacy, Hair Pro, The UPS Store and several others.
Tom Thumb recently invested in a significant upgrade to both the interior and exterior of the anchor space, adding new finishes and new and expanded departments.
Weitzman’s Stephen R. Schmidt led the acquisition. David Disney and Adam Crockett of Disney Investment Group represented WASA.