SettlePou Proud to be a Part of Closing of Champions Center Development

Author: Jeff Porter

SettlePou real estate partners, Jeff Porter and Jeff Mosteller recently assisted LRIC Properties, a Dallas-based retail developer, in its acquisition of 54 acres across from Texas Motor Speedway in Fort Worth,Texas to develop Champions Center, a 450,000-square-foot retail and restaurant power center. SettlePou will continue to assist LRIC in its development of the property, which is a core part of Champions Circle, the 279-acre commercial mixed-use project under development by Fine Line Diversified Development at the intersection of Interstate 35W and State Highway 114. The center will front on State Highway 114, directly across from the Speedway. Phase I, scheduled for completion in the fall 2016, will focus on national restaurant tenants including Chick-fil-A, Starbucks, Buffalo Wild Wings, Whataburger, Texas Road House, and Panda Express. Phase II is scheduled for completion in fall 2017, with a focus on big box retailers, including Ross and Marshalls. Other planned components of Champions Circle include: a 350,000-square-foot Tanger Factory Outlets, Buc-ee’s Travel Center (opening Memorial Day weekend), the Dallas-Fort Worth Marriott Hotel & Golf Club, and 837 apartment units. SettlePou’s Real Estate Section continues to expand its national representation of developers, purchasers, sellers and managers of retail and office properties.