Search
 

Dallas Seller Unloads 73,000-Plus SF

LAS CRUCES, NM-The seller disposes of a 23,500-square-foot Office Max and a 50,428-square-foot Albertson's to separate buyers.

By Amy Wolff Sorter | Updated on November 19, 2008

LAS CRUCES, NM-A private Dallas partnership ended its hold on the 23,500-square-foot Office Max and 50,428-square-foot Albertson’s by selling the assets to different buyers. The grocery store ended up in ABNK Las Cruces LLC’s portfolio, while Fidelis Realty Partners took possession of the office supply superstore.

Both assets, which were listed at $6 million, are in the Foothills Shopping Center, a suburban retail center on East Lohman Avenue near Interstate 25. The center also has a Target and a Home Depot, neither of which were part of the transaction.

Keith Fisher, vice president with Stream Realty Partners LP’s Dallas office says both properties had been on the market since early 2008. He adds that the Office Max, the only one in Las Cruces, had been under contract to another group before falling out of escrow. “Financing did play a big role in the delay in getting these sold,” acknowledges Fisher, who represented the seller.

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.