Boulder Net Lease Funds Announces Sale - Leaseback with HIT Entertainment.NORTHBROOK, Ill. -- Boulder Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). Net Lease Funds, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading national investor in net leased properties, announced today that it acquired a single tenant office building in Allen, Texas Allen is a city in Collin County and a northern suburb of Dallas, Texas (USA). As of the 2000 census, the city had a total population of 43,554. As of April 2007, the city's population is estimated at 77,465. in a sale leaseback A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner. with HIT Entertainment. The purchase price was just north of $10.2 million. HIT Entertainment is best known for its children's characters such as Barney, Bob the Builder <noinclude></noinclude> <noinclude></noinclude> Bob the Builder is a children's television character created by Keith Chapman. Bob appears as a construction contractor in a stop motion animated programme with his colleague Wendy, various neighbours , Thomas & Friends and Angelina Ballerina. HIT also owns the rights to The Wiggles wiggles - [scientific computation] In solving partial differential equations by finite difference and similar methods, wiggles are sawtooth (up-down-up-down) oscillations at the shortest wavelength representable on the grid. and the Guinness Book of World Records. "We are excited to be entering the Texas market with this purchase and look forward to acquiring more Texas assets in the near future," says Randy Blankstein, President of Boulder Net Lease Funds, LLC. "The size of the Dallas metro combined with its rapid population growth makes Dallas a compelling city from a real estate investment perspective." The property, a 70,680 square foot office facility built in 2000 and situated on 6.08 acres of land, is located in a growing section in the northeastern part of the Dallas metropolitan area. "This acquisition opportunity was compelling not only due to its location off Route 75 and Class A quality, but also due to the high caliber tenant in HIT Entertainment," said Jeff Rothbart, Principal of Boulder Net Lease Funds, LLC. "We believe that this property will remain as HIT Entertainment's U.S. Headquarters for the long-term and look forward to an enduring relationship with HIT." About Boulder Net Lease Funds, LLC: Boulder Net Lease Funds, LLC is a sponsor of performance based, private equity real estate funds focused exclusively on the net leased sector. Boulder Net Lease Funds, LLC's principals have participated in the acquisition, financing and disposition of more than $1 billion of net leased real estate transactions through several real estate cycles. Additional information on Boulder Net Lease Funds, LLC can be found on our website www.boulderfunds.com. |
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