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Retail Center In Victory Park Changes Hands

Downtown Dallas
Downtown Dallas

WRC Advisors has purchased the retail center on the ground floor of the House condominium at Lamar and Houston in Victory Park.

Nordbank, the lender on the property, foreclosed on the space in 2012 and sold it to WRC Advisors for an undisclosed amount, according to the Dallas Morning News.

WRC’s David Shafer said his company is looking to lease up the vacant space. All of the condos (more than 150 units) have sold and Shafer said WRC is optimistic about the property’s prospects. The firm aims to improve the property in addition to pursuing new retail tenants.

Arguably the most notable tenant is the Hard Rock Café that occupies over 9K SF in the building. Shafer said WRC and Hard Rock Café are in talks regarding lease terms to see whether or not Hard Rock will stay.