Search
 

Vista Property Lays Out Plans for Retail Buys

DALLAS-The veteran developer buys two assets in challenging pockets of the city, starts JV talks on another and buys 70 acres in Central Texas for the niche plan.

By Connie Gore | Updated on February 29, 2008

DALLAS-The six-month-old Vista Property Co., chasing deals in the Hispanic retail market, has planted its flag on two properties in challenging Dallas neighborhoods and picked up a prime development site in Central Texas. Vista’s veteran team is holding a mixed bag of properties and a binding letter of intent on yet another to jump-start its niche play.

“Sure it’s challenging, but we don’t look at it that way,” veteran developer Syd Hurley, president of the Dallas-based startup, tells GlobeSt.com. “That’s what we chose to take on when we focused in this area.”

In Dallas, Vista paid about $5.6 million for a 52,000-sf building, leased to Famsa, at 425 W. Jefferson Blvd. in Oak Cliff, and $3 million for a nearly vacant 147,000-sf shopping center, now being primed for an estimated $10-million redevelopment at 10201 Lake June Rd. in the Pleasant Grove area. Hurley’s also in talks to joint venture on a redevelopment of a 6.8-acre center, European Crossroads at 2829 W. Northwest Hwy. in the Bachman Lake neighborhood.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.