Lake Highlands may have found another reason to give Trader Joe's to come to the area and become the grocer anchor of the new Lake Highlands Town Center. At least, that's what Steve Clary of Lake Highlands Today believes after reporting that Kingsley Square was sold to Dunhill Partners earlier this month.

Kingsley Square actually went on sale around a year ago but was taken off the market when Charter Holdings, the company that bought Kingsley Square seven years ago, determined they couldn't get a fair price for it. That changed recently.

In an interview with Lake Highlands Today, Charter Holdings senior vice president Philip Scheble said, "We didn't think it was sellable at the time so we took it off the market but recently got an unsolicitated offer on the property."

Charter Holdings sold Kingsley Square to Dunhill Partners, a local commercial real estate brokerage and investment firm, which isn't a stranger to Dallas-Fort Worth. In fact, Dunhill Partners owns 16 shopping centers in the metroplex - roughly 4,500,000 square feet of property.

Bill Hutchinson, president and founder of Dunhill Partners, said, "Kingsley Square has all the bells and whistles I like when looking at buying any particular property."

Clary makes an interesting point by pointing out that Kingsley Square proves that Lake Highlands will support quality retail, which could attract other potential retailers to the area...such as Trader Joe's.