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Real estate briefs for Dec. 8

Published: December 8, 2012

Zerby buys Texas retail center

Oklahoma City-based Zerby Interests has bought Northcrest Village, a retail center in Carrolton, Texas, a Dallas suburb. The Dallas Morning News reported that LNR Partners LLC, which services foreclosed properties, sold the 136,267-square-foot property for an undisclosed price. Tenants include ALDI Grocery, Starbucks, Subway and Allstate Insurance Co.

“Northcrest Village was an appealing property for us to acquire for several reasons,” Caleb Hill, principal with Zerby Interests, said. “The shopping center is in a great location with several well established tenants.”

Ex-Best Buy to become college

Heritage College said it will relocate to the former Best Buy at 7202 S Interstate 35 Service Road soon after the first of the year. Work is nearing completion on upgrades to the 40,000-square-foot building, which was constructed in 1993. City records show a permit for $1.5 million in improvements was issued in July. The space will have classrooms, labs, clinics and offices.