A retail strip center in Richardson, a suburb northeast of Dallas, has been acquired by Bridgeway Properties, a real estate firm based in San Francisco. The property, known as Campbell Junction, is located at 2000-2010 North Plano Road and consists of 43,000 square feet across three buildings. Marcus & Millichap handled the listing for the seller, Xiaogang Fan, a local real estate agent. The sale price was not made public.
Built in 1985 and situated on 4.4 acres, Campbell Junction includes 19 suites and features an additional 0.7-acre pad that could be developed further. The property is fully leased with tenants such as Subway and My Eye Doctor.
According to Philip Levy of Marcus & Millichap, who marketed the property, “The property may be a candidate for partial redevelopment or mixed-use conversion.”
Retail properties like Campbell Junction have become attractive investments in the Dallas-Fort Worth area due to limited new construction over the past decade and continued demand for physical retail spaces. Retail rents in Dallas-Fort Worth have increased over the past year from $19.78 per square foot to $20.28 per square foot, while vacancy rates remain steady at 4.8 percent.
The stability of the local retail market has allowed it to adapt quickly when large retailers such as Party City and Tuesday Morning closed stores; their spaces were soon filled by businesses offering experiential services like fitness centers and pickleball facilities.
Barnes & Noble has also experienced renewed growth in suburban Houston locations as part of this broader trend within Texas retail markets.
