Two buildings that were owned by the Albertson’s Group, totally 117,000 square feet, have been sold. The Venture Commercial group brokered the sale of the properties. This company has been very popular over the years for their retail brokerage services in the wider Texas region. The seller of the property was Dallas Retail Associates, LP. One building is located in Mesquite and the other in Frisco.
This has been considered a good move by the respective buyers of the buildings as these they are located in very strategic locations. This means that they will easily be able to increase their sales once the new stores are fully functional.
The Frisco building is a 55 thousand square-foot building that also houses an ALDI grocery store. The sale of this store was brokered through Venture Commercial in partnership with two other companies. The buyer of the building, Tana Group was self-represented during the negotiations for the sale of the building.
The building in Mesquite is a 61 thousand square-foot building located near the Town East Mall. The Venture Commercial Company alone represented the seller of the property. The buyer of the property was Paso Vista properties. The buyers represented their own company.
Venture Commercial has gained a good reputation in successfully brokering such deals over the years. The company offers a wide range of services in the real estate business such as representing tenants and landlords, selling land, and property management. For more information concerning our services, you can visit our site at www.venturedfw.com.