Texas + Retail | August 2, 2019

Cali Investor Ends Long-Term Hold on Retail Center

A California investor, operating under the name MacAbar investments LLC, sold a freestanding, 32,254-square-foot retail center in the Las Colinas neighborhood of Irving, TX. The Fremont, CA-headquartered seller traded the center at 10010 N. MacArthur Blvd. to an Irving buyer for an undisclosed amount, in a value-add play.

Matthew Rosenfeld and Mike Allen with Weitzman brokered the transaction between buyer and seller. The center is currently 44% occupied, specialty grocer Taj Grocers is the main tenant. The seller acquired the 28-year-old retail property, which formerly housed a Gold’s Gym, in 2011.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.