A well-known shopping center in north Arlington has hit the commercial real estate market. Real estate firm Cushman and Wakefield lists Lincoln Square, an entertainment district-area shopping center near Interstate 30 and Collins Street, as “one of the largest and most dynamic” redevelopment opportunities in the state.
The shopping center, built in 1983, has about half a million square feet of area for lease, according to the listing. The development follows years of speculation and concern surrounding the shopping center’s future, as city leaders eye redevelopment in and around the area that includes AT&T Stadium, Texas Live!, and Globe Life Field. Chris Harden with Cushman and Wakefield said Lincoln Square is “exceptionally well-positioned for redevelopment” and leasing that includes a range of businesses and amenities, including pedestrian-friendly attractions and open space.
“This is a generational opportunity to create the next generation, high-density, mixed-use retail destination in the third-largest city in the Metroplex, and there is certainly a void for such a place,” Harden said in a statement.
Mayor Jim Ross said in a statement that the shopping center sits “at the most prominent gateway to our multi-billion-dollar world-class entertainment district. “The City of Arlington looks forward to working with potential buyers to unlock the extraordinary potential of Lincoln Square,” he said.
ShopCore Properties, an affiliate of global real estate firm The Blackstone Group, had previously owned the property since 2016. Lincoln Square is 72% leased, according to the real estate group.
A ShopCore spokesperson declined to comment on the listing. Helen Moise, who represents the area as District 1 city councilmember, said she hopes the next Lincoln Square owner will prioritize shopping center redevelopment and consider replacing the brown-bricked buildings with taller ones.