Shopping
Glendale shopping center files bankruptcy citing code violations – Oak Cliff
The owner of an Oak Cliff shopping center is seeking bankruptcy protection for the property.
Silver Creek, the ownership LLC for Glendale Shopping Center, at 4410 South Marsalis Avenue, filed for Chapter 11 bankruptcy in the U.S. Northern District Court of Texas last month.
The property needed immediate attention for code violations including parking lot potholes and a leaking roof, the bankruptcy filing states.
The business also filed bankruptcies for the property in December 2016 and December 2022, seeking court approval to use its cash collateral for repayments to its creditors, including the Bank of DeSoto and the Texas Mezzanine Fund.
The property’s tenants include Pan African Connection bookstore and Family Dollar. The nonprofit For Oak Cliff previously had its office in the shopping center, but it moved after buying a former YMCA property nearby in 2021.
For Oak Cliff and another local nonprofit, CitySquare, had planned to open a nonprofit grocery store in the shopping center in 2019, but the plan fizzled out just before the onset of the pandemic.
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