Metropolitan Capital Advisors, Ltd. (“MCA”) has arranged an acquisition loan for the Plano Parkway Business Center office building located in Plano, Texas. MCA arranged the debt financing on behalf of a partnership sponsored by Steve Fithian and Tom Wilson.
The Property is a 113,299 s.f. office building with tenants that include: Republic Title of Texas, Wizetrade, Teradyne, and Patient Physicians Network. The Property is located near the northeast corner of Plano Parkway and Independence Parkway in Plano, Texas, an area that has become a well-known business corridor and home to several corporate headquarters including the State Farm Insurance campus.
Kevan McCormack and Scott Lynn were responsible for arranging the $9,650,000 acquisition loan.
Since 1992, Metropolitan Capital Advisors has closed in excess of $2 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA completed over $550,000,000 of commercial real estate financing during 2014 and has already closed over $600,000,000 of new transactions in 2015.
For Further Information Contact:
Metropolitan Capital Advisors, Ltd.
18111 Preston Road, Suite 650
Dallas, Texas 75252