Nebraska Furniture Mart closes on Dallas-area property
December 16, 2011,
Dallas -- Nebraska Furniture Mart has closed on 433 acres here, clearing the way for the Omaha, Neb.-based retailer to build its fourth and largest store in The Colony, a north Dallas suburb.
Citybizlist.com, a Dallas real estate website, which reported the closing, said other buyers also had invested in property near the NFM parcel. The mixed use development is expected to require an investment of $1.5 billion.
The store would be part of large development that would include other retailers, hotels, a convention center, and other businesses.
In November, NFM said it would likely begin construction in the spring, with completion some time in 2015.
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