Oakridge Investments



Oakridge Investments has built a legacy of successful retail development at key suburban retail intersections within the Dallas/Fort Worth Metroplex.  In its most prominent development, Oakridge Investments completed The Centre at Preston Ridge, the winner of the Dallas Business Journal‘s ―Best Retail Deal of 2000.  Located at the northwest quadrant of State Highway 121 and Preston Road in Frisco, Texas, The Centre at Preston Ridge is a 908,450 square foot regional community center.  The development, considered to be one of the largest non-mall centers in Texas, is home to 14 national big-box retailers including Super Target, TJ Maxx, Marshalls, Ross, Best Buy, Old Navy, SteinMart, Linens N Things, Pier 1, PetsMart and Staples.  The remaining shop space is leased to a wide variety of local and national restaurants and shops.  Oakridge Investment‘s equity partner in The Centre at Preston Ridge development has been New Plan Excel Realty Trust, one of the nation‘s largest publicly traded retail REITs until its 2007 merger with Centro Properties making it a private company with a combined ownership or management interest in 218 million square feet of retail properties internationally.

Today, the SH 121/Preston Road intersection represents one of the most dynamic retails intersections in the state.  The Centre at Preston Ridge and the adjacent 1.6 million square foot Stonebriar Centre mall draw a combined 25 million visit trips a year to Frisco and produce retail sales of $1 billion.  Continuing its success in Frisco, Oakridge Investments has recently completed the second phase of The Centre at Preston Ridge, a 30-acre adjacent parcel allowing for the development of approximately 400,000 additional square feet of high-density residential, retail and hotel space, and The Shops at Preston Ridge, a 13-acre development parcel adjacent to IKEA and now anchored by Rooms-to-Go and Ashley Furniture and a 60,000 square foot lifestyle home-furnishing center.

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Oakridge Investments - Retail Development