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11,805-SF Retail Center Catches More Than $4M Ask

ARLINGTON, TX-The Hawaiian buyer, one of four to jump on the listing within the first 48 hours, gets a five-year-old building leased for the long term to Kinko's and Red, Hot & Blue. The buyer goes $8,000 above the $4.1-million ask to score the win.

By Connie Gore | Updated on October 20, 2004

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ARLINGTON, TX-A limited partnership in Dallas has banked $8,000 more than the $4.1-million ask for an 11,805-sf retail center, leased for the long term to a pair of national names with front-row seats along Interstate 30. The deed passed to one of four offers crossing the table in 48 hours of marketing.

“He just wanted this property,” Jason Vitorino with Marcus & Millichap’s Dallas office tells GlobeSt.com about a Hawaiian investor with 1031 Exchange money to spend. The hot property is 1400 Copeland Rd. in Arlington, shared by Kinko’s and Red, Hot & Blue, an Arlington, VA-based barbecue chain started by former Tennessee Gov. Don Sundquist.

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