Wes Walters of Wes Walters Realty Inc. has turned around the93%-leased Woodview Village, built in the mid-1980s on 2.9 acres at500 W. Harwood Rd. in Hurst after a 10-month hold instead of thenormal three to five years. The buyer is a private partnership fromNorth Dallas; the property is a "mom and pop shop" property with a$1.8-million assessment.

Walters, head of an investment group, brought out 11 centers tosell what he could to raise $3 million to buy a Houston property.The response, he tells GlobeSt.com, "has really caught us offguard." He is collecting checks from $1.7 million to $8.1 millionfor nine properties ranging from 40,000 sf to 140,000 sf--eachgoing to separate buyers.

In the rash of exchanges, Walters has hawked retail centers,with occupancies ranging from the mid-90% to full, in Colleyville,Hurst, San Antonio, Austin, Corpus Christi and Aransas Pass. Forstarters, he's buying in Fort Worth, Houston, Baytown andGalveston. Just two days ago, he sailed through three closings: thelast asset in Austin and centers in San Antonio and Corpus Christi.The two-pronged play is retiring debt and building a 1031 Exchangepool.

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