El Rey Properties, a Dallas-based limited partnership, bought the old Dillard's department store at Southwest Center Mall for an undisclosed price, representatives of the seller, Dillard Texas LLC, said Thursday.
Plans were not disclosed for the 160,000-square-foot, two-story building at U.S. Highway 67 and Interstate 20.
Southwest Center Mall, formerly Red Bird Mall, had been in bankruptcy since last summer. Unpaid electric bills threatened to shut it down in January when Madison Realty Capital, a private commercial lender in New York, bought the mall out of foreclosure and put it up for sale.
Dallas Morning News
Monday, February 22, 2010
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The dallas group buts Dillards at south west. Read the post to know more
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