Henry S. Miller Cos. Sells 124,000 SF Towne North Shopping Center in Irving, TX
(Irving, TX) – Henry S. Miller Companies recently sold Towne North Shopping Center, a 124,000 square-foot shopping center in Irving, Texas. Located at 3561 North Belt Line Road at the southwest corner of West Northgate Drive and Belt Line Road, the center is anchored by El Rancho Supermarket. Greg Miller, CEO and President of Henry S. Miller Companies, and Robert DuBois, Chief Financial Officer, represented the seller, an affiliate of Henry S. Miller. Disney Investment Group represented the buyer, an affiliate of Nayeb Group.
“Town North was a great asset for us for many years, wholly owned by the Miller family,” said Greg Miller. “When we purchased the center back in 2000, the Tom Thumb grocery store was a shadow anchor, meaning that is was separately owned. In 2008, Tom Thumb became available and we purchased it to complete the center.”
“Last year, Tom Thumb subleased its space to El Rancho Supermarket, and we immediately began receiving unsolicited offers to purchase the property. Accordingly, we began marketing the property to qualified buyers. We received many strong offers, and Nayeb Group won with the highest bid. They were very diligent and professional. John Nayeb is a terrific guy and will be a great steward of this asset for years to come.”
About Greg Miller
Greg Miller is Chief Executive Officer and President of Henry S. Miller Companies. As former President of Miller Realty Partners and HSM Equity Partners, Greg supervised the acquisition and structuring of commercial real estate transactions for the Henry S. Miller investment portfolio, including office, multifamily, retail, hotel and industrial properties throughout the Dallas-Fort Worth area, Texas and the United States. Mr. Miller earned a Bachelor of Science at Southern Methodist University in 1989 and graduated from Southern Methodist University School of Law in 1995. He practiced real estate law at Geary, Porter and Donovan, P.C. until 2002 when he became fully active in the operations of Henry S. Miller.
About Robert DuBois
Robert DuBois is Chief Financial Officer of Henry S. Miller Companies. Prior to this appointment, he served as Vice President, Secretary and Treasurer, responsible for financial and income tax accounting and reporting, banking relationships and cash management for a variety of real estate related activities including country clubs, real estate brokerage, mortgage banking, property management and real estate development. He earned Bachelor and Master of Business Administration degrees from the University of North Texas and is a Certified Public Accountant.