Recently a San Francisco investment group, Dwares Group, Inc., purchased Briercroft Center at 5302 Ave. Q. The Dwares Group specializes in refurbishing distressed retail properties. Briercroft Center is a 77,000 square foot retail facility built in 1966. The Dwares Group have hired Lubbock contractor G. Greenstreet Inc to evaluate and propose ideas to give the facility a much needed face-lift. Spring of 2008 will be the start date for the project. The facility currently has a colonial look which is out of date and the company plans on including pad sites to the large parking lot and plenty of green area. Cost of the investment will exceed $1 million.
Lubbock continues to provide great opportunities for 1031 exchanges, commercial and residential investments.
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