For more retail coverage, clickGlobeSt.com/RETAIL.

PLANO, TX-In a 30-day look and 30-day close, Dunhill PartnersInc. of Dallas has bundled a 300,000-sf footprint at a top suburbancorner, paying more than $25 million for the 169,834-sf PrestonTowne Crossing and rolling the cost into one loan in a refinance ofits abutting property. Now, the buyer's in pursuit of a second hardcorner at the crossroads.

Dallas-based Dunhill faced down at least 20 other would-bebuyers of all types for the 18.4-acre shopping center, abutting its130,000-sf Berkeley Square, at the northeast corner of Preston Roadand Park Boulevard in Plano, says Doug Hazelbaker, first vicepresident for CB Richard Ellis Inc.'s Dallas office. Not only wasDunhill sporting the top offer, but it pulled off the closing ontime even though the game plan was to seal the deal with arefinance. "One of the reasons Rreef picked Dunhill Partners," hetells GlobeSt.com, "is it has a good reputation for closing."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.