TIC investors dump Texas mall

Space dates back to 1970s

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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....