Executive Producer from “Yellowstone” Sells Greenville Shopping Center
An executive producer from the hit TV series “Yellowstone” has sold a Greenville shopping center to Dallas-based Dunhill Partners.
The firm purchased Greenville Promenade at 6834 Wesley St., a roughly 220,000-square-foot regional shopping center from Crossroads Greenville Property LTD, a California-based firm.
About the Seller
Dunhill executives and Hunt County records identified the seller as Bob Yari, an Iranian producer and director. Yari is known for his role as a producer on the movies “Crash,” “Agent Cody Banks,” “Hostage” and “Papa Hemingway in Cuba.”
Yari also served as executive producer on 44 episodes of “Yellowstone,” “Landman,” and “1923,″ created by Fort Worth-raised writer Taylor Sheridan, according to credits on IMDb.
Background of the Seller
Before movies and television, Yari was a real estate magnate who “bankrolled a chain of shopping centers and office buildings stretching from Texas to California,” Variety wrote in 2003.
Details of the Shopping Center
The Greenville shopping center is 100% leased with tenants such as Spec’s, Chick-fil-A, Home Depot and Aldi. Dunhill CEO Bill Hutchinson said the firm purchased the nearly 22-acre property as the population continues to grow along the I-3O corridor.
Population Growth in the Area
Recent U.S. Census estimates put Hunt County’s population above 118,000, a nearly 19% increase since 2020. Neighboring Kaufman County’s population hit nearly 198,000. It grew by 6% between July 2023 and July 2024, making it the second-fastest-growing county in the U.S.
Statement from Dunhill CEO
“We are excited to become part of the vibrant Greenville community,” Hutchison said. “As an owner of Rockwall Market Center for over a decade, we have long believed in the expansive growth taking place along the I-30 corridor. We see continued demand in Greenville, which strengthens our conviction in the long-term viability of this investment.”
Transaction Details
STRIVE’s Hudson Lambert and Jennifer Pierson represented the seller. The terms of the transaction were not disclosed.
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Conclusion
The sale of the Greenville shopping center to Dunhill Partners is a significant transaction in the real estate market. With the population growing rapidly in the area, this investment is expected to yield long-term benefits. The shopping center is fully leased with prominent tenants, making it an attractive addition to Dunhill Partners’ portfolio.
Frequently Asked Questions
Q: Who is the seller of the Greenville shopping center?
A: The seller is Bob Yari, an Iranian producer and director, known for his work on movies and TV series such as “Yellowstone”.
Q: What is the size of the Greenville shopping center?
A: The shopping center is approximately 220,000 square feet and is located on nearly 22 acres of land.
Q: What is the current occupancy rate of the shopping center?
A: The shopping center is 100% leased with tenants such as Spec’s, Chick-fil-A, Home Depot, and Aldi.
Q: Why did Dunhill Partners purchase the shopping center?
A: Dunhill Partners purchased the shopping center due to the growing population in the area and the expected long-term demand for retail space.
