Mike Rader, developer of the Sunridge Business Park on Pleasant Run Rd., was quoted in the Dallas Morning News saying that commercial property in the Wilmer area is selling for a one dollar ($1) per square foot. Confidential sources of the Dallas County Appraisal District (DCAD)report that commercial property on North Goode Road recently fetched $1.56 per square foot - a fifty-six percent premium over the typical price alluded to by Mr. Rader
. Mr. Rader could not be reached for comment. Mayor Hudson previously declined questions about the sales price as a non-disclosure agreement was in effect. Sources close to the Mayor disclosed that the actual sales price was somewhat lower than the $1.56 price quoted by DCAD and included other consideration.
Thursday, July 5, 2007
Mayor Sells at Premium Price
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