THE SILVER GROUP BROKERS ACADEMY SPORTS

The Silver Group is pleased to announce the sale of a single tenant retail building leased to Academy Sports + Outdoors in Flower Mound. The sale closed at a price of $8.2M upon completion of the newly constructed 72,000 sf building. Academy developed their building on FM 407 near Highway 2499 in close proximity to The Highlands at Flower Mound, The shops at Highland Village, Highlands Ranch and The Marketplace at Highland Village. The property was purchased by a west coast partnership completing a tax-deferred exchange. While the investors were not familiar with Academy Sports, they became most interested when learning about their dominant position in the sporting goods market. The Silver Group was the only broker involved in this sale.