DALLAS-Baceline Investments LLC, an investor based in Denver, has acquired a distressed retail center in DeSoto. The investor has purchased Fountain Village Shopping Center, a shopping center measuring 37,000 square feet on Pleasant Run Road, for an amount of $1.2 million.
The price offered for the center was nearly 60% of the original loan value of the property. The investor has plans to turn the retail center into medical office space.For the full story, go to Dallas Morning News.
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