Henry S. Miller Commercial Gets Key Corner

FLOWER MOUND, TX-The fourth hard corner to an undeveloped intersection has traded to Dallas-based Henry S. Miller Commercial, which is pushing toward a late 2003 or early 2004 groundbreaking on a 36,000-sf retail center in a Denton County community with midway positioning between Dallas and Fort Worth.

Vaughn Miller, the firm’s president of the retail division, tells GlobeSt.com that the remaining corners of FM 3040 and Gerault-Morris Road are owned by the Weitzman Group, Hopkins Commercial and Minyard Food Stores Inc., all Dallas headquartered and all focused on retail. Henry S. Miller Commercial got the eight-acre deed from Donald J. Carter, a one-time stakeholder in the Dallas Mavericks and the All-Star Bowling Lanes chain. The sale represents one of the last holdings that Carter owned from a 1980s’ buying spree of Resolution Trust Corp. properties. The hard corner was carved from 15 acres, the balance of which contains a single-family house.

The promise for a piece of the corner has pushed pre-leasing to 100% in the stack of letters of intent for Flower Mound Market. “We have more letters of intent than we have space,” Miller confides. The pre-leasing success has the Miller team scouting for more property.