Mittal, president and CEO of Kay El Co. Inc., plans to convert90% of the structure to a jewelry office-showroom and lease thebalance, Leonard Fitzgerald, senior director of Dallas-basedAlliance Commercial tells GlobeSt.com. The remodel is ticketed toramp up as soon as the seller vacates.
Fitzgerald represented the buyer for the property at 13735 WelchRd. Pat Haggerty of the Campbell Cos. in Dallas handlednegotiations for the seller.
The 25-year-old building, positioned on 25,000 sf of land, issituated in an industrial section of Farmer's Branch, located righton the outskirts of Dallas proper. The land and single-story flexstructure carry a 2001 appraised value of $480,260, according tothe Dallas Central Appraisal District.
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.
