Gaston & Haskell | Dallas, Tx
It all begins with an idea.
Finding 37,000 square feet of buildings on 3.6 acres of land – in an area originally developed in the early 1900’s – can be quite a challenge. The property was dilapidated and encumbered by a significant environmental problem caused by a dry cleaner. We worked with the owner to develop an environmental cleanup plan, which took place prior to the purchase. Prior to closing we were able to lease the formerly vacant anchor and lease the former dry cleaner site to Capital One Bank. We worked closely with a very active neighborhood group and city leaders to garner support for the redevelopment and created a valuable asset for the community.
THE RESULT:
We subsequently sold the project at a 2.00+multiple to our equity.