Silver Star Properties Completes Sale of 127,696 SF Retail Center in Arlington, Texas

Silver Star Properties REIT, Inc. (Silver Star Properties), announces the sale of its Cooper Street Plaza retail center in Arlington, Texas, as it continues a strategic move to reposition the REIT, streamline its operations, and optimize its balance sheet.

Cooper Street Plaza is a bustling 4-building, 127,696 square foot retail center conveniently located just one light south of I-20 Ronald Regan Memorial Highway. Since it was acquired in 2012, the center has averaged 90% occupancy and boasts a diverse array of well-known tenants, including Home Depot, Office Max, K&G and Black Rifle Coffee Co.

Commenting on the disposition, the Company’s President, David Wheeler, shared, “The sale of Cooper Street is another milestone toward our repositioning of assets into self-storage and our effort to improve the balance sheet through a 1031 tax-free exchange.”