Miami Investor Acquires Frisco Market Center

Oct 3, 2017 - (Newswire)

Miami-based Antegrade Holdings has acquired a portion of Frisco Market Center at the corner of the Dallas North Tollway and Main Street in Frisco, Texas from the developer Hermansen Land Development, Inc. and Chief Partners L.P.

Frisco Market Center is a newly constructed, 20,823 square foot three-building retail center shadow anchored by LA Fitness, Main Event Entertainment, hotels, grocery and over 700 multifamily units in Frisco, Texas, opposite the Toyota Stadium. As part of the 88-acre master planned Frisco Market Center development, the property sits on the hard corner of Main Street and the Dallas North Tollway on over four acres of land approximately 30 minutes north of downtown Dallas and four miles north of the Dallas Cowboys World Headquarters at The Star and Frisco's 5 Billion Dollar Mile.

The investment and management firm acquired the property on Oct. 2, 2017, marking its first acquisition in the Lone Star State.

Antegrade Holdings targeted the city of Frisco due to the tremendous population and jobs growth rates.

"Our decision to venture outside of Florida was primarily based upon the demographics of North Texas, and the desire to find an investment in an affluent city which has experienced a phenomenal growth rate with corporate relocations," said Charlie Bourland, the firm's President, in a statement.

Hermansen Land Development was represented by Tommy Tucker and Tim Axilrod of Shop Companies. Antegrade Holdings was represented by Taylor LeMaster of Inroads Realty. Financing was arranged by Todd McNeill of Metropolitan Capital Advisors through Regions Bank.

The deals each closed on Oct. 2, 2017. Terms of the acquisition were undisclosed.

In Frisco, Antegrade Holdings acquired:

  • 9169 Dallas North Parkway
  • 9179 Dallas North Parkway
  • 5252 Main Street

For further information, contact the Seller, Kirk Hermansen of Hermansen Land Development, Inc. at 214-373-4202 or kirk@hermansenlanddevelopment.com or the Buyer Charlie Bourland at 305-796-0534 or cbourland@antegradeholdings.com.

Original Source: https://www.newswire.com/news/miami-investor-acquires-frisco-market-center-19985658

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