Magoffin called the deal an
“excellent growth opportunity
for the firm.”

LOS ANGELES-Charlotte, SC-based Grandbridge Real Estate Capital LLC, a wholly-owned subsidiary of BB&T Corp. recently revealed that it had reached an agreement to acquire Dwyer-Curlett & Co., a leading commercial real estate finance firm with three offices in southern California.

The transaction is subject to investor approval and is expected to close Nov. 30, 2012. “This purchase continues our geographic expansion into the attractive California market and fully anchors our national footprint on the West Coast,” says Grandbridge CEO Thomas S. Dennard, in a prepared statement. “Dwyer-Curlett’s delivery network – when combined with our enhanced access to capital, investment partners and BB&T’s financial strength – will enable us to span financial boundaries and better connect clients with capital solutions nationwide.”

Shelley Magoffin, president and CEO of Dwyer-Curlett, points out that it is an excellent growth opportunity for the firm. “We believe that an expanded delivery system and greater access to capital markets and proprietary lending services will greatly benefit our clients.”