News: Front Section
Posted: July 30, 2008
SCI Real Estate acquires 36,780 s/f retail center
SCI Real Estate Investments has acquired Denton Towne Crossing, a 36,780 s/f retail center from Weber & Co. SCI specializes in the acquisition of class-A properties for the sale of interests to buyers through 1031 exchanges and co-ownerships.
"Denton Towne Crossing is part of a major retail hub just off of Interstate 35. It's shadow-anchored by Target and Home Depot, and it's within close proximity to Super Wal-Mart and Best Buy. And with upgrades planned for several major highways, retail growth is expected to continue," said Scott Derrick, chief investment officer for SCI.
   "Denton is one of the fastest growing cities in the country." said Marc Paul, president and co-founder of SCI.
   Denton Towne Crossing is at the intersection of Loop 288 and Brinker Rd., one of the main thoroughfares in Denton. The property features national and local retailers.
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