February 12, 2010

WEITZMAN HANDLES SALE OF FORMER DILLARD'S IN DALLAS

DALLAS—El Rey Properties, L.P., a Dallas-based limited partnership, has purchased an approximately 160,000-square-foot, two-story anchor building at Southwest Center Mall, located at the northwest quadrant of Highway 67 and I-20. The seller was Dillard Texas, LLC. The purchase price was not disclosed.

Brian Glaser and Michelle Caplan with the Commercial Retail Division of The Weitzman Group handled negotiations as exclusive listing agents for the building in cooperation with Excess Space Retail Services.  The buyer was represented by Dave Valdez with ICB Properties, LLC.

The building, which formerly housed Dillard’s department store, is slated for planned re-development.