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GUN BARREL CITY, TX-Three years after its completion, the fullyleased Liberty Plaza has been sold to a Brooklyn, NY limitedpartnership for close to the $2.18-million ask. The local merchantbuilder has sold the 15,600-sf shopping center at an 8% caprate.

Jerry Goldstein, senior associate with Marcus & MillichapReal Estate Investment Brokerage Co.'s Houston office, tellsGlobeSt.com that the center, situated on 1.3 acres at 1307 W. MainSt., had been on the market just a handful of days before the buyercame along with an offer. "I knew the buyers previously, but we metagain at the ICSC in May. They found the property at our booth,"explains Goldstein, who represented seller US Builders LP ofHouston as well as the buyer. He adds that the escrow was a littlelonger than usual due to some other deals the buyer was completing."We didn't hit a lot of bumps in the road with this deal," headds.

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