Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Monday, December 10, 2012
Investor buys Arlington’s Six Flags Mall
Six Flags Mall opened in 1970.(DMN files)
Noble Crest Property Group said Wednesday that it has sold portions of the Six Flags Mall on State Highway 360 in Arlington to private investor G. L. “Buck” Harris.
The regional shopping center was built in 1970 and is largely vacant.
Arlington-based Noble Crest says its client plans to remodel the old mall and will rename the shopping center Plaza Central.
“This was a fairly complex transaction that had many moving parts,” Ken Wimberly, Managing Director of Noble Crest Property Group, said in a statement.
Noble Crest said it arranged the sale to Harris of 363,000 square feet of the retail project on 25 acres. Brad Cruickshank of the Woodmont Co. brokered the sale.
The mall has suffered several bankruptcies and foreclosures and was sold to Noble Crest by a Corpus Christi lender.
Dillard’s operates an outlet center in the mall and Cinemark has a multi-screen theater on the property.