Prestonwood Place is a 160,000 square foot shopping center in the Addison submarket of Dallas, TX, situated on a 16-acre site at the intersection of Montfort Drive and Belt Line Road.
Built in 1980, Prestonwood Place consists largely of restaurants, service tenants, and local operators. The property is located immediately east of Village on the Parkway, a 358,000 square foot open-air shopping center, and immediately south of Prestonwood Center, a 451,000 square foot power center. The trade area boasts 175,000 households and 375,000 people within a 5-mile radius and the substantial office submarket outlined above results in a daytime population of over 400,000 people.
Investment Period: September 2016 – September 2023
