Join The Discussion

 

Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

read more >

Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

read more >

Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

read more >

Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

read more >

Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

read more >

 

Coppell industrial sites sold

 

Coppell Commerce Center & Coppell Business Center

 

An affiliate of Lincoln Property Co. has purchased Coppell Commerce Center & Coppell Business Center.
The two industrial facilities comprise six, Class A buildings, which total 771,720 square feet and combined were 91 percent leased at the time of sale.
CBRE represented the seller, a global investment manager, on the sale and worked on behalf of Dallas-based Lincoln Advisory Group, an affiliated entity of Lincoln Property Company to arrange two permanent loans valued at $25.5 million through Allstate and Bank of America to finance the acquisition.
“Two differing acquisition strategies for the portfolio assets necessitated two unique loan structures and both Allstate and Bank of America stepped up to meet those needs. All parties provided for a clean, painless execution,” said Matt Ballard, vice president in CBRE’s Debt and Equity Finance group.
The six Class A, single story, multi-tenant industrial buildings were constructed between 1997 and 2000 are located in Coppell within the Dallas-Fort Worth Airport submarket, which is the most institutionally owned submarket in Metroplex. Coppell Business Center is located at 1405, 1421, 1441 and 1461 South Belt Line Road and Coppell Commerce Center is located at 1221 South Belt Line Road and 1234 Lakeshore Road.
Jack Fraker, Josh McArtor, Jonathan Bryan, and Heather McClain Venegoni marketed and sold the two industrial parks on behalf of the seller. The team of Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas office originated and secured the financing for the transaction on behalf of the borrower, Lincoln Advisory Group. 
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?