DALLAS — The luxury Highland Park Village shopping center here, owned by the Henry S. Miller family since 1976, was sold for an estimated $160 million Thursday to business executive Ray Washburne.

This story first appeared in the May 21, 2009 issue of WWD. Subscribe Today.

Washburne, who is chief executive officer of Charter Holdings, a Dallas real estate company, and also has interests in restaurants, said he was “ready to invest in the infrastructure” of the open-air center.

“We will continue with the fashion-forward nature of the center,” Washburne said. “We just signed a lease with Vince, and we will have some high-profile retailers to announce this summer that will have their only Dallas stores here.”

Highland Park Village is considered to be the second-oldest U.S. shopping center and has been designated as a national historic landmark. It comprises 200,000 square feet of retail space with 46,200 square feet of offices. The quirky mix places Hermès and Harry Winston steps from a Tom Thumb supermarket. Tenants of the Mediterranean-style venue also include retailers such as Polo Ralph Lauren, Carolina Herrera and Chanel.