TIC investors dump Texas mall

Triple Net Properties and Trammell Crow Co. arranged the sale of the 96,423-square-foot Springtown Mall in San Marcos, Texas.

The value of the transaction was not disclosed.

Tenant-in-common investors, who had purchased the property in December 2002, sold it to Peter A. Lamy.

Springtown Mall was built in 1974 and was remodeled in 1998-1999. At the time of sale, Springtown's tenants included JC Penney, Best Buy and Beall's.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.