Wednesday, February 17, 2010

Vacant Dillards Building at Redbird (Southwest Center Mall) Mall Sold

Dallas-based limited partnership El Rey Properties purchased a 160k SF two-story anchor building at Southwest Center Mall at the northwest quadrant of Highway 67 and I-20. The seller was Dillard Texas, LLC. The purchase price was not disclosed. The Weitzman Group’s Brian Glaser and Michelle Caplan handled negotiations as exclusive listing agents for the building in cooperation with Excess Space Retail Services. The buyer was represented by ICB Properties’ Dave Valdez. The building, which formerly housed Dillard's department store, is slated for planned re-development.