Shawn Ackerman, executive vice president with Dallas-based Henry S. Miller Commercial's Houston office, nearly vacant, nine-story building at 102 N. Mesa St. was a logical buy for National Stores. "Right now, Fallas leases three combined stores across the street," he says. "It made sense for them to buy the building, occupy the first two floors and do something above it."

The seller, VEK 2 LP, was represented by Dan Foster, a retail broker with Grubb & Ellis in El Paso. The buyer's team included Jason Gaines, an assistant vice president with Henry S. Miller Commercial.

Ackerman confirms that Fallas Paredes will fill the first two floors. The remaining floors will be dedicated to office space and apartments. "There are tenants currently occupying the apartment section and they'll leave that alone," he tells GlobeSt.com.