McKINNEY, TX-The former headquarters and distribution center of Blockbuster, Inc. was sold at a foreclosure auction last week for $19.7 million.
Last year, the former video rental leader moved its corporate offices to the McKinney distribution center from downtown Dallas after Dish Network Corp. acquired the company from bankruptcy, according to a report by the Dallas Business Journal.
Later Blockbuster left Texas to join Dish in Colorado, and there was some expectation that a new tenant might be lured to the facility.
The Collin County Appraisal District last valued the property at $22.5 million. The lender, AGV Realty Partners of California, bought the property at the April foreclosure auction the Journal said.
Click Dallas Business Journal to read the full story.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.