Sarofim Realty Advisors Owns Oodles of Property
In yesterday’s Dallas Morning News, Steve Brown broke the story of plans to redevelop the block of Cole Avenue just south of Knox Street. He said the land is owned by Sarofim Realty Advisors.
As I began to do some research last night, I was surprised to see that the Dallas Central Appraisal District listed no properties owned by Sarofim; the DCAD website said the firm merely occupied an office suite in Preston Center.
But two subsidiary firms that use the same suite as their mailing address — Knox Cole Holding Co. and Knox Street Village — do own a ton of property just outside Highland Park: $46 million worth of it, according to DCAD. You know some of these properties as:
- Adelmo’s
- Design With Reach
- La Fiorentina
- Chili’s
- Crate & Barrel
- On The Border
- Rosa Clara
- Rose Tree
- Sur La Table
- Z Gallerie
We’ll be making some phone calls today for a story of our own in Friday’s paper.
