Cypress Equities Acquires the Corner Shopping Center

DALLAS - Oct. 24, 2014 - PRLog -- Cypress Equities (http://www.cypressequities.com/) companies* (“Cypress”) announced today that its affiliated Cypress Acquisition Partners Retail Fund* (“CAPREF”) has closed on the acquisition of The Corner Shopping Center in Dallas, Texas. The project is a community shopping center, located on the bustling northeast corner of Walnut Hill and the US-75 Central Expressway.

The Corner Shopping Center encompasses 236,050 square feet of retail and office space.  The center’s proximity to the city’s most affluent neighborhoods to the west, and growing millennial population further east and south, made this an attractive addition to the Cypress portfolio.  The property will be repositioned to meet the growing demand for retail and restaurant experiences that provide a community “sense of place”.  Cypress will release additional details about the redevelopment of The Corner Shopping Center, in the coming months.

“This center has remained basically unchanged since its original development in 1977,” said

Chris Maguire (http://www.cypressequities.com/teammembers/chris-maguire/), chief executive officer for Cypress Equities. “Cypress is fortunate to now have the opportunity to lead the value enhancement, redevelopment, and repositioning of this prime urban Dallas property.”

“We are excited to add to our portfolio this well positioned asset,” stated Todd Minnis, managing partner and CIO of Cypress Equities.  “We look forward to making it an integral part of the community.”

About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 18 million square feet and currently is developing and managing a portfolio of more than 9.4 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.