IRVINE, Calif., (May 4, 2010) - Thompson National Properties, LLC, one of the fastest growing international real estate companies, announced today the acquisition of a retail property anchored by Staples and Dollar Tree at Irving Square in Irving, Texas.
"Staples and Dollar Tree at Irving Square is a well located asset in a major retail corridor in Irving with two strong credit tenants that have proven to be stable and growing in today's turbulent economy," said Thompson National Properties' Director of Acquisitions, Charles J. Osbrink. "The long term leases and tenant sales at this location provide additional security to this investment."
Staples and Dollar Tree at Irving Square is a two-tenant retail property located in the Irving submarket of Dallas, Texas. The building consists of 35,375 square feet, 100% occupied by Staples and Dollar Tree. ÿStaples and Dollar Tree have been at this location since 2000 and 2001, respectively, with Dollar Tree recently renewing its lease for 7 years. Staples, the world's largest office products company, is BBB rated by Standard and Poor's. Dollar Tree, an American chain of discount stores, recently posted the highest quarterly sales in the company's history and has recognized increased tenant sales every year since the company became public in 1995.
Thompson National Properties, LLC provides real estate investment opportunities and asset management to high net worth domestic, foreign, individual and institutional investors. As of May 4, 2010 Thompson National Properties manages a portfolio of 135 commercial properties, in 31 states totaling more than 17.5 million square feet, on behalf of over 3,500 investor/owners with an overall cost of $2.4 billion. For more information regarding Thompson National Properties, please visit www.tnpre.com.
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