Kessler Hills Center is located at the NEC of Westmoreland Rd. & Ft. Worth Ave, on the going-home route amongst a large population (18,065, 145,129, and 303,280) encompassing consumers within a 1, 3, 5 mile radius respectively. This center is at the heart of redevelopment for this north Oak Cliff sub-market, with many residential, multi-family, and new retail developments and redevelopments under way.
Traffic counts have increased substantially within the last five years, 31,809vpd Westmoreland Road (north/south), and 22,486vpd Fort Worth Avenue (east/west) (NCTCOG). Average household income within a 1, 3, and 5 mile radius has increased over five percent (5%+) annualized over the past five years, outpacing the DFW and national markets ($60,175, $68,281, and $75,576 respectively).
Kessler Center has retained consistently strong occupancy over the last ten years (92 – 100%). Repositioning of the center has taken place since 2005, swapping interior tenancy toward medical-type operators, and smaller space retailers on the exteriors. This led to zero impact on rental during the 2020 lockdown.
UEI Medical Tech College has occupied one of the anchor spaces recently, and will begin classes in the Fall of 2022. Colaw Fitness has occupied the second anchor space and is underway with their finish-out, pushing for a late Fall 2022 opening. Both on new, 10-year leases.
David Valdez
ICB Properties, LLC
