Binswanger and CAPSTAR Commercial Arrange Sale of Major Property in Plano, Texas to Countrywide Financial Corporation.DALLAS -- Representing the seller, Binswanger and CAPSTAR Commercial are pleased to announce the recent sale of a 416,436 sq. ft. building on 24 acres located at 1000 Coit Road in Plano, Texas. The asking price for this property was $35,000,000. The buyer, Countrywide Financial Corporation, is one of the largest residential mortgage lending firms in the country. Headquartered in Calabasas, CA, they operate over 600 branch offices across the U.S. They will use this new property as an office and data center. The sellers are Westmount Realty Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Dallas, TX based firm specializing in commercial real estate investment, development, management and lending, plus Buchanan Street Partners, a real estate investment bank that provides capital for owners and developers. According to Sally Bane, Executive Director of the Plano Economic Development Board, the addition of Countrywide will have a incredibly positive impact on Plano, as a minimum of 1,500 new jobs will be created. Additionally, the project will add significant value to the tax base. It is expected that use of the Dallas Area Rapid Transit The Dallas Area Rapid Transit authority (or DART) is a transit agency based in Dallas, Texas (USA) that operates buses, light rail, commuter rail, and HOV lanes in Dallas and 12 of its suburbs. It is the current largest light rail operator in the state of Texas. (DART) system will rise and ancillary businesses will see increased profits. This remarkable building features concrete floors; 30' x 40' column spacing; insulated precast pre·cast adj. Relating to or being a structural member, especially of concrete, that has been cast into form before being transported to its site of installation. panel walls; ceiling heights to 24' clear; all utilities; three, two megawatt diesel generators provide complete power redundancy; pre-action sprinklers; two 15 HP compressors; twelve loading docks with levelers Levelers or Levellers, English Puritan sect active at the time of the English civil war. The name was apparently applied to them in 1647, in derision of their beliefs in equality. ; one ramp; nine lab and testing areas encompassing 51,387 sq. ft.; 161,623 sq. ft. of datacenter and light assembly areas; and fiber optics provided by AT&T, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , additional providers available. Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia. |
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