Ontario City Centre

Woodbridge Centre

2606 West Farm-to-Market Road 544, Wylie, TX

Project profile: 

Greenfield Development

Acquisition type: 

Strategic / Off-Market Transaction

Acquisition Date: 

02/2012

Total Building Size: 

155,000 sf

Land Area: 

25 Acres

Major Tenants: 

Kroger Marketplace, Starbucks, The Rock Wood Fired Kitchen, Subway, Papa John’s, SportClips

Woodbridge Centre

In February 2012, CSRE acquired a 25 acre parcel of land located at the SWC of FM 544 and Woodbridge Pkwy in Wylie, TX. Prior to acquisition, CSRE secured entitlements and a sales tax sharing agreement to build a 155,000 sf shopping center, anchored by a 123,000 sf Kroger grocery store. CSRE completed extensive site development and the build-out of 20,000 sf of retail shops for various tenants. This was one of three Kroger openings in 2013 in the greater DFW trade area. 

Ontario City Centre

Woodbridge Centre

2606 West Farm-to-Market Road 544, Wylie, TX

Project profile: 

Greenfield Development

Acquisition type: 

Strategic / Off-Market Transaction

Acquisition Date: 

02/2012

Total Building Size: 

155,000 sf

Land Area: 

25 Acres

Major Tenants: 

Kroger Marketplace, Starbucks, The Rock Wood Fired Kitchen, Subway, Papa John’s, SportClips

Major Tenants

Highlights

  • Strategic acquisition through the use of Gravity Model sales forecasting by MTN Retail Advisors
  • Four-month entitlement process: rezoning, design review, planning commission, village board approvals
  • Public / private partnership with the Wylie Economic Corporation
  • Site designed around a North Texas water main bisecting the property