DALLAS –Arlington-basedSkyWalker Property Partners has sold the 111-year-old HughesBrothers Candy Factory to Flint Hills DevelopmentGroup in an unsolicitedoff-market transaction.
The location, 1401 S.Ervay St., is in the Cedars neighborhood on the south side ofdowntown Dallas with access to Interstate 30. SkyWalker wasin the middle of a plan to convert the five-story building, boughtjust one year ago, to residential units when Flint Hills made anoffer to buy the site.
"The location androbust redevelopment activity in the Cedars neighborhood clearlyworked to our investors' advantage," says ClintHolland, acquisitionsdirector for the investment group. "The offer was such that it madesense to sell."
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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
