The Village at Allen shopping center was purchased by Sterling Organization, adding another major retail property in Allen to a growing list of acquisitions by large investment firms in 2026.
The 851,457-square-foot center is anchored by Super Target and is about 89% leased, with tenants including Dick’s Sporting Goods, Total Wine & More, Best Buy, Nordstrom Rack, PetSmart and Burlington.
The property also includes 206,012 square feet of open space that is currently 59% leased, presenting an immediate opportunity to add value through the lease-up of high-value vacant space and tenant upgrades…