Pete Richardson, senior vice president of Henry S. MillerCommercial in Dallas, tells that Grove's owner intendsto use part of the land at 1350 W. Oakdale St. to expand itssix-acre operation at 1201 Shady Grove Rd. and do ground-upindustrial buildings on the balance. He estimates 15 to 30 acres ofthe site, which backs up to the Trinity River, is developable."He's waiting to see what the economy's going to do right now,"Richardson adds.


Richardson says Grove's owner had been persistent in his offersalthough other contracts had been put on the seller's table in thepast year. Each time, Richardson says John Wang of Dallas backedaway from the deals. Then, the pendulum swung in Grove's direction."The seller finally decided he wanted to liquidate," says thebroker, who teamed with his brother Drew Richardson, a Henry S.Miller associate, to close the deal.


Grove Truck & Equipment takes up an entire block in theGreat Southwest Industrial District in a mix of small warehousesand a large storage yard. "He's been eyeing that property forawhile," Richardson says. "The timing was right. He got a fairlygood deal on it."

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