National Asset Services Assumes Management of Irving, Texas Retail Property

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Mar 10, 2015, 08:45 ET

IRVING, Texas, March 10, 2015 /PRNewswire/ -- National Asset Services (NAS) is one of the Country's leading commercial real estate companies with a proven record of successfully managing properties for over ninety ownership groups. The Los Angeles based company has assumed asset management of Hunter Plaza in Irving, Texas. NAS assumes management responsibilities of the neighborhood shopping center on behalf of a group of twenty-one tenant-in-common co-owners, who each has a deeded interest in the retail property.

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Hunter Plaza is located at the intersection of Olympus Boulevard and Market Place Boulevard and situated near just north of the Lyndon B. Johnson Freeway. The center is adjacent to the prominent Valley Ranch planned neighborhood development.

A 45,702 square-foot, Best Buy and a 36,000 square-foot 24 Hour Fitness Sport anchors the neighborhood center built in 2006. The 24 Hour Fitness Sport Valley Ranch location caters to residents of the local neighborhoods and features a lap swimming pool, basketball courts and a daycare center. The total property consists of four buildings with 105,864 square feet of retail space that offers a mix of national, regional and local tenants, including a 2,000 square foot Subway and a Bank of America ATM. Despite the Center's location and favorable market demographics, the center is currently under 50% occupied.

"NAS is strategically positioned well in the Dallas market with commercial property and extensive resources to effectively manage and market Hunter Plaza," commented Karen E. Kennedy, President and Founder of National Asset Services, who holds the Certified Retail Property Executive (CRX) designation awarded by the International Council of Shopping Centers (ICSC). "We look forward to improving the property to better serve the area residents and add value to our client's investment."

About National Asset Services (NAS)

NAS is a nationwide commercial real estate management company known nationwide for its ability to assist tenant-in-common co-owners of Class A property with distressed economic conditions. The company manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties. The company manages solely owned and multi-owner properties. NAS offers a wide-range of asset management capabilities. They include: Real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

For more information about NAS, visit www.nasassets.com. For industry news and company updates, follow NAS on Twitter @nascommercial.

Contact:
JW Robison
310.795.8985
Email

SOURCE National Asset Services