Sale of The Shops at Willow Bend

Deal value: $210,000,000

Disposition of The Shops at Willow Bend, a 1.3 million SF regional mall in Plano, Texas, by Starwood Capital Group to a local retail-focused REIT. The property features a mix of national and regional tenants and is positioned for redevelopment.

The core investment motivation is to reposition and redevelop an underperforming regional mall in a high-growth, affluent suburb. The strategic purpose is to transform The Shops at Willow Bend from a struggling retail center into a vibrant, mixed-use destination that better aligns with evolving consumer preferences and local market needs. The timing is driven by declining tenancy, shifting retail dynamics, and the opportunity to unlock value through adaptive reuse and densification.