Stan Johnson Company Arranges 1031 Exchange Sale of Westover Village Shopping Center in Fort Worth, Texas

Westover Village

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Westover Village located at 751 Alta Mere Drive in Fort Worth, Texas. The 7,500-square-foot unanchored shopping center was marketed on behalf of ownership by Anne Perrault of Stan Johnson Company. The center was acquired by a 1031 exchange buyer based out of Dallas, Texas.

“We were able to secure multiple offers during our pre-marketing phase, ultimately signing up the deal at the anticipated full asking price,” said Perrault, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “This high-quality Target outparcel was a great fit for the selected buyer’s 1031 exchange.”

Situated on 1.2 acres just eight miles from downtown Fort Worth, the strip center was constructed in 2021 and is fully leased to three tenants: Aspen Dental, Visionworks and Tropical Smoothie Cafe. All tenants operate on long-term net leases. The shopping center is an outparcel to a free-standing Target with other neighboring retailers including Burlington, Big Lots and ALDI, among others.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.