For more retail coverage, clickGlobeSt.com/RETAIL.

ARLINGTON, TX-SCM Real Estate Services, representing a privateinvestment group, has bought a 15,400-sf fitness center in aforeclosure auction. Key to the deal, which will entail acquisitionand renovation costs pushing $800,000, is it neighbors a centerthat the firm manages and leases.

"We just thought it was a good location," Gary Walker, SCMpresident, tells GlobeSt.com about 915 Skyline Dr., a two-storybuilding with cross-access parking to a center with Barnes &Noble, YMCA, Chik-fil-A and Chili's. Get Fit for Women vacated thestructure in May.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.