An investor, represented by Christiane Hepfer and Martina Crevecoeur with International Capital, sold 195 acres of farmland with frontage on Ovilla Rd. (FM 664) in Red Oak to a land-banking investment group out of Scottsdale, Arizona. The property's central location between I-35 and I-45 and the vicinity to Union Pacific’s Dallas Intermodal Terminal and the Allen Group's logistic hub made it an interesting land play for the purchaser.
The purchaser first approached the owner 18 months ago, but the parties could not agree on a sales price. It took two more rounds of negotiations before seller and purchaser came to terms.
The seller, a German investor who has been an active Metroplex land investor for the past 20 years purchased the acreage in early 2005 because of its location within the Path of Growth in the southern sector of the Metroplex.
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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