Irving Square Shopping Center
Retail in Irving, TX — sponsored by Thompson National Properties
Files with the SEC as TNP Irving Square, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Irving Square Shopping Center is a two-tenant retail center at West Airport Freeway and Belt Line Road in Irving, Texas, that Thompson National Properties syndicated as a Delaware Statutory Trust — fractional real estate ownership that qualifies for 1031 exchange treatment. The $5,080,000 offering was sold to accredited investors under Rule 506(b), a private placement with no advertising, and the filing record stops on January 20, 2011.
Show sources (10)Hide sources (10)
These links support the historical public record; individual details may come from different sources.
- U.S. Securities and Exchange Commission, Form D ↗
- Thompson National Properties, LLC executive summary (hosted by 1031 Gateway) ↗
- Dollar Tree store locator ↗
- SRS Real Estate Partners ↗
- Ollie's Bargain Outlet ↗
- U.S. Securities and Exchange Commission, Form D/A ↗
- U.S. Securities and Exchange Commission, Form D/A ↗
- 1031gateway.com ↗
- loopnet.com ↗
- loopnet.com ↗
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Thompson National Properties assembled the offering around a 1.63-acre parcel at the northeast corner of West Airport Freeway (Highway 183) and Belt Line Road in Irving, Texas, across from Irving Mall.2 The sponsor's May 2010 executive summary put the loaded purchase price at $5,080,000, the same figure as the offering size.2 Dollar Tree's store page places the center at 3542 West Airport Freeway.3 The records reviewed do not establish when the Trust closed on the purchase.
- Reported location
- Irving, TX
- Property size
- 35,375 sq ft
Who is the tenant, and what's the lease?
The sponsor's May 2010 summary reported the center fully leased to Staples and Dollar Tree on long-term net leases, meaning the tenants carry most operating costs directly rather than through the landlord.2 A 2023 broker listing for the same address names Ollie's Bargain Outlet and Dollar Tree as the tenants, so the mix changed after the offering.4
How did it end?
Sold
A homes.com property record for 300 Las Colinas Blvd W in Irving, TX (the trust's 35,375 sf Staples/Dollar Tree retail center) shows 'Tnp Irving Square Dst' as a prior owner who held the property for 2 years and 3 months before the property was subsequently sold onward (Woodend Diane L → Hamid Taher A and Hamid Fizza), suggesting the trust underwent a disposition; however, no sponsor press release, equity multiple, or sale price specifically for the TNP Irving Square trust was located.
Two-tenant multi-tenant retail center at the northeast corner of W Airport Freeway (SH-183) and Belt Line Road in Irving, TX; anchored by Staples and Dollar Tree under long-term net leases; across from Irving Mall; 1.63-acre parcel; TNP sponsor program sold ~$5.08M.
35,375 sq ftHow is it financed, and what does it pay?
The sponsor's May 2010 summary labeled this an all-cash DST — no mortgage on the property, so no lender, no refinancing date, and no debt maturity to manage.2 The SEC filings on record name no loan, lender, or leverage figure for the Trust.
Who's behind it?
Thompson National Properties sponsored this program, and the Form D names Anthony W. Thompson, the firm's managing member and chief executive, as a promoter of the offering.1 The Trust itself was organized as a Delaware business trust in 2010.1 Research through August 17, 2026 surfaced no dated sponsor or issuer activity tied to this program after the January 2011 amendment.
- Sponsor
- Thompson National Properties
- Legal Trust name
- TNP Irving Square, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 11 total offerings from Thompson National Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The amendments tracked the raise as it progressed, but they do not line up: the September 17, 2010 amendment reported a lower cumulative amount sold than the filing three days earlier, and nothing on record reconciles the two.6 The Trust was offered privately to accredited investors — people meeting SEC income or net-worth tests — without public advertising.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 6
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Irving Square Shopping Center?
Top1031 lists Irving Square Shopping Center as historical. It is no longer raising money.
Where does Top1031 get the data for Irving Square Shopping Center?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Is this Trust still open to new investors?
No. The last public filing for TNP Irving Square, DST is a Form D amendment dated January 20, 2011, and no filing has been made since. Treat it as a historical offering — a closed record you can study, not an investment you can enter today.
Who are the tenants at Irving Square Shopping Center now?
The sponsor's May 2010 offering summary reported the center fully leased to Staples and Dollar Tree on long-term net leases. A 2023 property page from SRS Real Estate Partners for 3538–3542 West Airport Freeway names Ollie's Bargain Outlet and Dollar Tree instead, and says Dollar Tree signed a new 10-year extension with three additional five-year options. Ollie's announced a January 24, 2024 grand opening at 3538 West Airport Freeway, in a former Fallas space.
Does the Trust still own the property?
That is not established. The tenant and broker records for the Irving address do not name the Trust or any owner, and no SEC filing after January 20, 2011 records a sale, refinancing, or dissolution. No trust-level outcome has been reported in the sources reviewed.
Was the offering leveraged?
The sponsor's May 2010 executive summary describes an all-cash DST, meaning the property was to be bought without mortgage debt. Public filings record no loan amount, lender, rate, or maturity, so the absence of debt rests on the sponsor's own material and should be confirmed in the private placement memorandum.
What does Rule 506(b) mean for how this was sold?
Rule 506(b) is the private-placement exemption that lets an issuer raise money from accredited investors without registering with the SEC and without general solicitation — no ads, no public marketing. In practice, investors reached offerings like this one through a broker-dealer or adviser relationship that predated the offering.
Why do the Form D amendments disagree with each other?
The September 14, 2010 amendment reported a higher cumulative amount sold than the September 17, 2010 amendment filed three days later, and later filings never explain the reversal. Form D amounts are issuer-reported and not audited; the offering's own subscription records in the PPM and closing documents are the controlling source.