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St. Louis investor pays $11.5M for Garland retail center

​GARLAND – Bianco Properties has acquired North Garland Crossing, a 75,811-sf shopping center on N. President George Bush Hwy.

Shadow-anchored by a Super Ta​rget, the center was built in 2004 and houses tenants including Michaels, PetSmart, AT&T, and Starbucks.

Northmarq arranged a $11.5 million acquisition loan through Mutual of Omaha.

Texas logoThe Texas Real Estate Research Center has more on DFW’s retail market: