First Washington Realty

First Washington Realty Acquires The Shops at Lake Highlands Town Center

by PR Newswire posted at 1/31/19 3:36 PM

Dallas, Texas – First Washington Realty, a national real estate investment and management company, announced the acquisition of The Shops at Lake Highlands Town Center in Dallas, Texas.  This newly developed 63,209 square foot retail property is located on the corner of Walnut Hill Lane and Skillman Street, anchored by Sprouts and serves the Lake Highlands community.

“Lake Highlands is a dense neighborhood, with excellent schools, quality housing and proximity to multiple employment nodes.  The Shops at Lake Highlands Town Center is poised to become the focal point of the community due its location and terrific tenant mix.  This acquisition aligns well with our strategy to own best-in-class centers in attractive markets and we are delighted to become part of this dynamic community,” stated Alex Nyhan, Co-President and Managing Director at First Washington Realty.  While First Washington owns a number of retail assets throughout the country and Texas, this acquisition will be its first in Dallas.

First Washington Realty (FWR) is a fully integrated, national real estate investment and management firm that specializes in the ownership of convenience, necessity and experience-oriented retail real estate. 

FWR currently owns interests in 95 shopping centers with a value of over $4.9 billion located in 22 states and the District of Columbia. Our centers contain approximately 12.9 million square feet with over 2,400 tenants.  The Company is headquartered in Bethesda, Maryland with offices in Dallas, Kansas City and San Diego.