In both cases, LS Realty Group from Sherman Oaks, CA has landedbuyers without taking the assets to market, says its principalTimothy Siegel. Addison Plaza, delivering in 2000 at 3711-771 BeltLine Rd., was 90% leased when it passed to a buyer brought to thetable by Jason Vitorino in the Dallas and Chris Sands in the LosAngeles office of Marcus & Millichap Real Estate InvestmentBrokerage Co.

The seller says the 3.6-acre Addison Plaza's sale price is offlimits. Prices of retail properties can vary wildly, but localmarket watchers say the going rate, on average, in the heart ofAddison could produce $250 per sf at the closing table for acomparable center.

Siegel says Canyon Creek at 200-348 W. Campbell Rd. inRichardson is working through escrow, but should be closing nextmonth. LS Realty bought Canyon Creek in 2004 and Addison Plaza inSeptember 2005.

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