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Ryffel Buys Alta Mesa Village Shopping Center

DALLAS-Local shopping center owner Jim Ryffel and a group of investors have picked up the Alta Mesa Village Shopping Center, and in a separate transaction, acquire three acres of land.

By Bev Ford | Updated on November 19, 2002

DALLAS-An investment group led by neighborhood shopping center owner and developer Jim Ryffel have closed on two quick deals to expand their retail portfolio.

The group, which invests in small retail plazas, has purchased the 59,933 sf Alta Mesa Village Shopping Center at the southwest corner of Alta Mesa Blvd and McCart Street that is home to a Radio Shack and several retail beauty outlets. The shopping center is also adjacent to a Sack N Save grocery store.

“Alta Mesa Village fit the profile of a Jim Ryffel owned center. It is an attractive, clean, well-maintained facility with a low vacancy rate, good access to I-20 and a high traffic count,” Karen Simon, senior vice president and managing director of the Fort Worth office of the Bradford Companies told GlobeSt.com. “It’s the type of center that will do reasonably well regardless of the economy because the rents are reasonable and the tenants are in many ways indigenous of the neighborhood.”

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