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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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