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.
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