Prestonwood Place shopping center in Addison has sold to Indiana-based investor Kite Realty Group.
Forbes released its second-annual list of the highest-earning and most influential social media creators, influencers, streamers and vloggers and a handful of creators with North Texas connections rose through the ranks.
Kite Realty has a nearly 60-year track record of property investment. The real estate investment trust has ownership in 181 retail and mixed-use projects totaling about 29 million square feet. Its largest concentration of rental income comes from Dallas-Fort Worth, where it owns more than two dozen North Texas shopping centers, including Southlake Town Square, Lincoln Park in North Dallas and the Shops at Legacy in West Plano.The Prestonwood Place sale was brokered by commercial real estate firm Jones Lang LaSalle. JLL’s Barry Brown, Chris Gerard, Ryan Shore, Erin Lazarus, Matthew Barge and Megan Babovec worked on the deal.
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