DALLAS (August 27, 2012) – A California investment group led by Michael Day of Embarcadero Advisors has purchased the 45,000-square-foot Spec’s Wines, Spirits & Finer Foods store in Dallas for an undisclosed sum. Frank Mihalopoulos and Tony Ruggeri were the managing partners with the seller, Glenn Lake Partners LP. Spec’s Wines, Spirits & Finer Foods is located on the southeast corner of North Central Expressway and Walnut Hill Lane. Neighboring retailers include Toys “R” Us, Dave & Buster’s, Best Buy, Sports Authority, Tuesday Morning and Bed Bath and Beyond.
Rick Ikeler, CCIM, CPM® and Brad Gibbs with SRS Real Estate Partners represented the buyer in this transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
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