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Legacy West, opened in 2017 as the largest mixed-use property in North Texas, has sold the retail property to Kite Realty and GIC for $785 million. Kite, a REIT, acquired the 344,076 square foot open-air center through a joint venture with GIC, a Singaporean sovereign wealth fund.

Invesco was the seller. Prism Places and Open Realty Advisors were also part of the team. Prism Places claims this sale is the largest mixed-use asset transaction in the DFW market. Prism reports that retail occupancy remains above 95%. Tenants include Louis Vuitton, Tiffany, Gucci, Tory Burch, Watches of Switzerland, Aritzia, Lululemon, Chanel Beauty, Ralph Lauren and Vuori.

Situated at 5908 Headquarters Drive, Legacy West comprises 1.2 million square feet and features 415,000 square feet of retail, restaurant and office space, a 55,000-square-foot food hall, more than 1,300 residential units and a 303-key Renaissance Hotel.