September 29 2016
ALLEGIANCY’S $31.5 MILLION SALE IN FORT WORTH, TX
Richmond, Va., September 29, 2016.,— Allegiancy is pleased to annouce on behalf of ownership that Airport Centre I & II, has sold, a type B office complex located in the submarket of the Dallas/Fort Worth International Airport, to Stanton Road Capital for $31.5 million.
The two-story building comprises of 251,168 net square feet and was constructed in 2001. Affords easy access to State Highways 121 and 183 allowing a convenient commute for employment. The demand is high for a well-kept type B office building in the Dallas Fort Worth marketplace. At the time of the sale Airport Centre was 80 percent leased to companies including Warrantech Corp. Eric Mackey, Gary Carr, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh with CBRE brokered the sale.
Allegiancy CEO Steve Sadler States “Stanton Road Capital has found a superior buy.”
Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is leveraging the experience of its principals of more than four decades of success.
PLEASE NOTE: No money or other consideration is being solicited pursuant to this press release, and if any is sent in response, it will not be accepted. No offer to buy Allegiancy’s securities and no part of the purchase price for Allegiancy’s securities can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indication of interest in Allegiancy or its offering involved no obligation or commitment of any kind. A copy of Allegiancy’s offering statement containing its most current preliminary offering circular describing the offering that is the subject of this press release can be found at: www.allegiancyipo.com
March 07 2017