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GRAPEVINE, TX-The Fricke Biggs Equity Group has hit the ground running with a campaign to raise nearly $1.3 million for its first undertaking, a medical office complex bought and retooled over the past year for Dr. Phil’s sidekick, Dr. Thomas Diaz.

Dana Fricke and Lisa Biggs, the former marketing team for Realty Capital Partners Inc., have set up what could be the region’s only female-owned and led equity investment company. They’ve elected to keep the same stomping grounds, leasing an office at 1340 S. Main St. in Grapevine and within eyeshot of Realty Capital, which replaced the duo with Bryn Jepson and Meg Davis, both of whom have extensive backgrounds in marketing and management.

Fricke tells GlobeSt.com that the new firm will target investments in the $300,000 to $1.5-million range. Their role for Diaz’ 16,766-sf building in the 120,000-sf MacArthur Commons is to find an equity replacement for a bridge loan. The campaign, like others that will follow, will rely on e-mail queries to a database, which is beginning with 200 investors and destined to grow, she says.

Fricke and Biggs, with a combined 26 years in finance and sales, are managing members of the general partnership, Fricke Biggs LLC, which has a three-member advisory board with more than 100 years of commercial real estate experience to guide it. Fricke is responsible for finding, analyzing and negotiating real estate projects while Biggs will handle marketing. Fricke Biggs will concentrate on retail and office projects, medical office condos, raw land and residential lot development and select property redevelopments.

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