Broadway & Rowlett | Garland, Tx
It all begins with an idea.
We thought that Bank of America might want to move from an in-store grocery location to a freestanding building, We contracted for the property at the opposite corner and were able to change the zoning of this site from residential to commercial. We worked very closely with the city councilman, who understood the value of bringing an additional commercial tax base to the district.
The Result: We secured a signed lease prior to closing and sold the property seven months later, garnering a 2.93 multiple on our equity investment.