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Popular Wholesaler Swaps Corners in $15M Plan

DALLAS-Sam Moon Trading will be turning in an eight-month-old center for a 125,000-sf model. A parking lot site search ends with 10.4 acres, control of two corners at a high-traffic intersection and the third project in less than a year.

By Connie Gore | Updated on September 04, 2002

DALLAS-Well-known Dallas wholesaler Sam Moon is trading in an eight-month-old center for a neighboring $15-million project, including land, at one of the few remaining undeveloped corners between two primary arteries in Dallas.

The Sam Moon Trading Co. opened its doors on 50,000 sf in January to a packed house that prompted the owner to start looking for nearby land to build a parking lot. That need led his broker, Eddie Liebman of Dallas-based Weitzman Group’s investment properties division, to Oklahoma City and talks with Mathis Bros. Furniture Co., owner of a 10.4-acre tract bought a year earlier.

“No” turned to “maybe” and then a “yes” as the wholesaler and the furniture company cut a deal for more than $10 per sf or roughly $5 million for the northeast corner of LBJ Freeway and Harry Hines Boulevard. “Virtually everything between Stemmons and Central is developed,” Liebman explains to GlobeSt.com about the lay of the land that led him to lobby for a property that wasn’t about to come to market anytime soon.

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