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Avison Young brokers $4.88 million sale of multi-tenant retail property occupied by Guitar Center and Alida Restaurant Supply in Plano, TX

Avison Young brokers $4.88 million sale of multi-tenant retail property occupied by Guitar Center and Alida Restaurant Supply in Plano, TX 28 Sep 2021

Los Angeles, CA – Avison Young announced today the $4.881 million sale of a 28,075 square-foot (sf) multi-tenant retail property located at 2333 North Central Expressway in Plano, TX.

Avison Young Principals Chris Maling and David Maling, who are based in the company’s downtown Los Angeles office, represented the seller, Los Angeles-based Plano Expressway BDS LP. The buyer, a Texas-based private equity group, was represented by Tabani Realty.

Built in 1990, the property is situated on a highly trafficked thoroughfare, North Central Expressway, which sees 208,000 vehicles a day. It is located in the Dallas/Fort Worth area, one of the most desirable real estate investment markets within the region.

“This was a perfect example of leveraging the Avison Young platform to access both local, regional and out-of-state buyers for this asset,” said Chris Maling.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

 

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