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- Corinth Land Co. Expands North Texas Portfolio with New Acquisition
Corinth Land Co. Expands North Texas Portfolio with New Acquisition
Slice of Real Estate Team
July 26, 2024
Key Highlights:
New acquisition: Bank Street Business Park, Southlake, TX
Prime location: Minutes from DFW Airport, Hwy. 114/121 corridor
Fully occupied: 7,200 SF, 100 percent tenant occupancy
Financed by: Pinnacle Bank of Fort Worth
Equity provided by: Corinth Land Co.
Source (Business Wire)
Notable Quotes:
"While we have significant investments throughout North Texas, this is our first in the Southlake market which historically nets high rents. The Southlake submarket continues to be strong and is well positioned for future growth and opportunity."
"We have had our investment radar on the Southlake industrial flex market for quite some time. As Corinth’s history shows, we are bullish on the North Texas industrial market and anticipate that to be the case for the foreseeable future."
Our Take:
Corinth Land Co.'s strategic acquisition of the Bank Street Business Park underscores its confidence in the robust Southlake industrial flex market. The property's prime location and full occupancy highlight the area's appeal for investors seeking high returns. This move not only diversifies Corinth's portfolio but also reinforces its commitment to expanding its footprint in North Texas. With the backing of Pinnacle Bank and the leadership of Paun and Danny Peters, Corinth Land Co. is well-positioned to capitalize on future opportunities in the region.