McAllen Retail Sells to Laredo Investor

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Coldwell Banker Commercial Rio Grande Valley organized the sale of Main Area Shopping Mall, a 172,000 square foot retail area center in McAllen, for a concealed sum. The property traded to Big Sky Estate Investments LLC.

Coldwell Lender Commercial’s Daniel Galvan represented the Laredo-based buyer. “Our customer saw the value-add opportunity with Key Place Center,” said Galvan, a principal of Coldwell Lender Commercial Rio Grande Valley.

“The property remains in a terrific location, beside Simon’s La Plaza Shopping center,” Galvan proceeded. “The customer prepares to place the building for long-term success with a hostile leasing technique and also possible pad sites offered for development.”

Integrated in 1988, Main Place Purchasing Facility is situated on around 20 acres. Its largest renters are the University of Texas Rio Grande Valley as well as the Key Place Indoor Market.

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