SCI Real Estate Investments Acquires Retail Center in Denton, Texas

LOS ANGELES, May. 14 /PRNewswire/ --

LOS ANGELES, May 14 /PRNewswire/ -- SCI Real Estate Investments, LLC announced today that it has acquired Denton Towne Crossing, a 36,780 square foot retail center in Denton, Texas from Weber & Company for an undisclosed price. SCI specializes in the acquisition of Class-A properties for the sale of interests to accredited buyers through 1031 Exchanges and co-ownerships.

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"Denton Towne Crossing is part of a major retail hub just off of Interstate 35. It's shadow-anchored by Target and Home Depot, and it's within close proximity to Super Wal-Mart and Best Buy. And with upgrades planned for several major highways, retail growth is expected to continue," said Scott Derrick, chief investment officer for SCI.

"Denton is one of the fastest growing cities in the country. It's home to two state universities, and with businesses expanding and corporate relocations, it has a particularly strong job market," said Marc Paul, president and co-founder of SCI.

Denton Towne Crossing is prominently located at the intersection of Loop 288 and Brinker Road, one of the main thoroughfares in Denton. The property features a mix of national and local retailers, including Verizon Wireless, Men's Wearhouse, Supercuts, Payless ShoeSource, Pei Wei restaurant, and McAlister's Deli.

Over the past year, SCI has added nearly four million square feet to its nationwide portfolio, now valued at over $1.9 billion -- including retail, multi-family and student housing properties.

SCI was represented by Scott Derrick, chief investment officer, and Phillip Duke, senior vice president of retail acquisitions. Weber & Company was represented by Ken Shulman of The Staubach Company.

About SCI Real Estate Investments

SCI is an active principal and one of the nation's largest tenant-in-common (TIC) sponsors. SCI specializes in buying Class-A commercial properties. SCI works exclusively through licensed professionals to offer co-ownership interests and 1031 exchange replacement properties to accredited buyers. SCI was founded in 1994 and is headquartered in Los Angeles, California. For additional information, please visit http://www.sciproperties.com.

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