FORT WORTH-An investment trust has obtained $24.5 million in refinancing for a 164,333-square-foot office property in the AllianceTexas development situated in Fort Worth. Earlier this month, Global Income Trust Inc. reported that it would acquire Heritage Commons IV for $31 million.
The Heritage Commons IV building is fully occupied by Mercedes-Benz Financial Services USA LLC. The trust secured the fixed-rate loan, which has a term of five years, through JP Morgan Chase Bank N.A. Holliday Fenoglio Fowler represented the trust in the deal. For the full story, go to Dallas Business Journal .
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