X Team International Partner Venture Commercial Represents WinCo Foods in Texas Land Acquisition
By: Amanda Braniecki
85,000-square-foot WinCo Foods set to open in 2015
DALLAS, September 17, 2014—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced that partner Venture Commercial Real Estate, a Dallas-based commercial real estate firm, represented WinCo Foods in the acquisition of a 12-acre tract of land in Garland, Texas. Venture Commercial’s McGregor Converse made the announcement.
A family of local, employee-owned grocery stores, WinCo Foods is expected to complete construction of its new 85,000-square-foot store in Garland, Texas, in spring 2015. The store will be located at 1122 West Centerville Road on the northeast quadrant of Centerville and Interstate 635.
“Venture Commercial is pleased to help WinCo Foods build and expand their brand as they emerge as a prominent grocer in the Dallas market,” Converse said. “This 12-acre piece of land offers tremendous opportunity for growth and further visibility among local residents, which will lead to a new loyal customer base for the store.”
Kevie Beard, McGregor Converse, Jonathan Cooper and Theo Thompson of Venture Commercial Real Estate represented WinCo Foods, LLC in the transaction. Jim Weir of The Retail Connection represented the seller, IUM Investors, LP. Caroline Woodbury and Don Woodbury of DWC Commercial Properties, LC coordinated acquisition, development and entitlement of the property.
WinCo Foods entered the Dallas-Fort Worth market in early 2014 with the opening of its first two stores in Fort Worth and McKinney. A Duncanville location is now open, to be followed by openings in North Richland Hills and Lewisville.
To download a photo of the WinCo Foods store, please click on the image below.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services,property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
About Venture Commercial
Venture Commercial is recognized as a leader in retail brokerage services throughout Texas for its dedication to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale. For more information visit www.venturedfw.com.