July 28, 2011
A German partnership purchased a medical office building within Cedar Hill Village Shopping Center in Cedar Hill, Texas. The property is occupied by two of Dallas' leading healthcare institutions, Baylor Health Care System and Children's Medical Center of Dallas.
International Capital, LLC acted as acquisition advisors on behalf of their German client and brokered the transaction. "This is the second medical property acquisition by our client in the US in the last 15 months, and their first in the Dallas/Ft. Worth area. A combination of credit tenancy, solid underlying real estate and excellent location in one of the fastest growing areas in the Metroplex were selling points to them," explains Martina Crevecoeur, CCIM, who represented the purchaser.
The cash transaction closed within 45 days from opening escrow. The seller was represented by Jennifer Pierson with CBRE.
ABOUT THE COMPANY
International Capital, LLC is a highly experienced real estate advisory company with over 30 years of experience in the Dallas/Ft. Worth market.
International Capital offers a wide range of commercial real estate services for its clientele. The company specializes in acquisition, disposition, management and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing and Cash Management are an integral part of its service package. International Capital represents more than 80 legal entities in its capacity as asset manager and as property manager, handles a portfolio of more than 20 properties in the southwestern United States
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