That decision will put the buyer into a 22,000-sf building on about three-fourths of an acre at 2021 Century Center Blvd. along Texas 183, west of Dallas. Jason Moser of Kennedy-Wilson International's Dallas office negotiated the acquisition for the buyer.
Ty Underwood, an associate with Dallas' Henry S. Miller Commercial, represented the seller, M.R. French, a plastics fabricator from New York that sold out sometime back to GE Polymer. The Irving holding ended up surplus real estate although GE Polymer did use the location for temporary storage, Underwood explains to GlobeSt.com. Hunt Textiles also will use the building for storage as well as a distribution location for its textile wares.
Underwood says Hunt was one of six potential buyers who stepped forward in the two weeks that the building was on the market with Henry S. Miller Commercial. The property previously was listed for about six months with another brokerage house at an asking price of $675,000. "Once the price was notched down to $550,000, it went right away," Underwood confides.
The structure's solid design was its strong selling point. It came with higher-than-normal ceiling heights for its submarket competitors and a new roof. Also going in its favor is that it did not have any environmental or foundation problems, both atypical stumbling blocks for product of its vintage, according to Underwood.
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