X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-A 16-year-old, fully leased shopping center in East Dallas has been sold to a Dallas-based investor for $850,000. Commercial properties also were sold in the suburbs of Mesquite and Flower Mound.

The 11,600-sf acquisition, laced with small neighborhood services’ shops, is situated at 9585 Scyene Rd. Scyene Village was on the market for six months and attracted three or four offers, Ryan Hamilton of Henry S. Miller Commercial tells GlobeSt.com. He represented the seller of record, Scyene Village Partners Ltd., which acquired the asset in the early 1990s. Kwang Kim of Kwang Strain Realty in Plano brokered the acquisition for the buyer, who won the face-off with the highest bid. Hamilton says there are no plans to rehab the center by the new owner, who has other retail assets in the region.

In another retail purchase, Maxey Properties LLC acquired a Juicy’s Burger building on about a half-acre tract at 2103 N. Town East Blvd. in Mesquite. The plan is to outfit the site with another restaurant. Collin Berg of Henry S. Miller Commercial represented the sellers, Jimmy Beale and Edward Harbour.

In nearby Flower Mound, the Lewisville Independent School District took the deed to 86 acres at the northeast corner of Spinks and FM 2499, one of the area’s main arteries. Henry S. Miller Commercial’s Gordon Campbell brokered the terms for the seller, the Lunow Family Partners Ltd. while the Chrisman Co. spoke for the school district.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.