WASHINGTON, D.C. –- (RealEstateRama) — SG Property Services (SGPS) today announced the purchase of the 12-acre MacArthur Medical Plaza for $9.2 million via an affiliated entity.
The 41,588-square-foot property is situated at 3501 N. MacArthur Blvd. Irving, Texas, a fast-growing area just northwest of Dallas. SGPS, a full-service commercial real estate firm based in Atlanta, creates value through acquisitions, development, leasing and property management.
SGPS’ acquisition represents 67% of a condominium association. It is SGPS’ first acquisition in Texas, kicking off its plans to expand into Dallas and other Texas markets.