TriMarsh Properties bought the Arlington Park Square shopping center on Cooper Street. (TriMarsh)
A property investor has purchased its third North Texas shopping center in less than three months.
TriMarsh Properties bought Arlington Park Square retail center at 3701 S. Cooper St. in Arlington.
Since August, TriMarch has purchased more than 400,000 square feet of retail space in the Interstate 20 corridor.
“I believe that the real estate market is ripe for growth by Interstate 20”, said TriMarsh’s Bo Avery. “I plan to increase occupancy with below market rent and update all locations to meet current standards”.
TriMarsh in August bought the Emerald Square shopping center in Grand Prairie and the Hulen Pointe shopping center in southern Fort Worth.
The company now owns seven North Texas shopping centers.