MIMCO bags 123,000-SF Dellview Marketplace in NW San AntonioMIMCO bags 123,000-SF Dellview Marketplace in NW San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106652015-09-30T05:00:00Z2015-09-30T16:00:00Z

​SAN ANTONIO - MIMCO Inc. has acquired the 122,750-sf Dellview Marketplace Shopping Center at the southwest corner of Freiling Dr. and Vance Jackson, to the east of I-10 and south of Loop 410.

The biggest draw for this retail center is not so much its potential, but its neighbor — a 203,000-sf Walmart.

With a current occupancy rate of about 80 percent, MIMCO is ready to leverage its proximity to the retail giant to fill the additional space.

MIMCO purchased the property from Covington Dellview Marketplace LP, a Chicago-based investment group.

The El Paso-based firm will start work immediately on improvements to the retail center, including renovations to the facade, parking and landscaped areas.

According to Bexar County's Appraisal District, Dellview's assessed value is $13 million.

The property's current tenant includes Dollar Tree, Shoe Dept., Sally Beauty, Petsense, Rue 21, Cricket, Subway, Dominos and several service providers.

Although Walmart owns its location at 1603 Vance Jackson, the store is part of the retail center.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/09/28/mimco-inc-bulks-up-san-antonio-portfolio-closes-on.htmlRead more at the {Source}

 Search NewsTalk Texas