Area Retail Center: Hartman REIT Buys Dallas

In Arlington, Texas, Hartman Income REIT, Inc., a Houston based Real Estate Investment Trust, reported that Hartman Short Term Properties XX, Inc. an affiliate, has purchased Cooper Street Shopping Center from Regency Centers, LP.

In Cooper Street SC, A 127,696 sq ft, three building retail center with a single tenant pad site at the highly desirable intersection of Cooper Street and Interstate 20 in Arlington, Texas. The project has Home Depot and Office Max.

Hartman’s business plan is to stabilize the center at submarket rates. Chris Cozby, Chris Gerard and Kevin Holland of CB Richard Ellis represented the seller, Regency Centers and Dave Wheeler and Julian Kwok, CCIM represented the buyer, Hartman Short Term Properties XX, Inc