DALLAS, November 19 — Dallas, Texas-based Metropolitan Capital Advisors (MCA), has arranged the sale of a commercial retail portfolio located on Henderson Avenue in Dallas, Texas on behalf of Andres Properties.
Over the past 30 years Andres Properties had amassed over 133,000 s.f. of leasable area situated on fourteen acres of infill urban land creating one of the most unique shopping, restaurant and entertainment districts in the DFW Metroplex. The Portfolio included a majority of the frontage properties along Henderson Avenue from North Central Expressway to Ross Avenue. Henderson Avenue hosts some of Dallas’ most popular dining and nightlife establishments.
MCA Founding Principal, Scott Lynn, along with MCA Senior Director Sunny Sajnani, represented Andres Properties as the exclusive sales intermediary for the disposition. The Buyer of the portfolio was a Joint Venture consisting of Open Realty Advisors of Dallas and CIM Group based in Los Angeles.
Since 1992, Metropolitan Capital Advisors has closed in excess of $8.8 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA has already closed over $300,000,000 of commercial real estate financing during 2012.
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