Business

Fort Worth’s Chapel Hill shopping center sold to Kite Realty

Central Market anchors the Chapel Hill shopping center in Fort Worth.
Central Market anchors the Chapel Hill shopping center in Fort Worth. S-T/Richard W. Rodriguez

The popular Chapel Hill shopping center at I-30 and Hulen in Fort Worth, which features Central Market, The Container Store and Cost Plus World Market, has been sold to Kite Realty Group.

Kite, a public company based in Indianapolis, acquired the center from Dallas-based Strode Property Co., which developed the center and has owned it since 1999, according to a report on GlobeSt.com. Disney Investment Group handled the sale for Strode.

In a press release, Kite says the 200,000-square-foot power center is 96-percent leased and includes retailers Ann Taylor, Beauty Brands and New Balance.

But the company generically notes that the center is located “in the MSA of Dallas,” along “one of the area’s most highly traveled crossroads.”

Attention Kite: Your newest asset is in FORT WORTH, the 16th biggest city in the country! Get with it.

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