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Staubach Retail signs auto deal.


Staubach Retail has teamed with Presidio Financial Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 and iStar Financial Inc. in a real estate limited partnership to launch AutoStar, a full-service real property capital partner to the nation's top auto retailers.

In addition, AutoStar announced that it has acquired 21 multi-branded automotive properties representing $167 million in real estate capital.

Totaling more than 170 acres and located in six states, the properties include automotive dealerships with such prestigious brand names as Lexus, Honda honda

a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses.
 and Mercedes-Benz.

These initial acquisitions are part of AutoStar's plan to offer a broad range of automotive real estate capital solutions for high-quality automotive retailers and related businesses.

Through its relationship with Staubach Retail's AutoGroup, AutoStar intends to assist auto dealers with all facets of dealership real property issues.

"We have formed a very powerful partnership with Presidio and iStar to deliver real property alternatives in demand by the nation's top dealers," said Chris Maguire Christopher "Chris" Maguire, born 16th January 1989 in Bellshill, is a professional footballer currently playing for Scottish Premier League club Aberdeen.

Maguire, a young forward, made his first team appearance in season 2005-06, where he set up John Stewart in a 2-2 draw
, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Staubach Retail.

"The business of operating an auto retailing business has become much more capital intensive with respect to facilities requirements today," said Brodie L. Cobb, managing director of Presidio Financial Partners LLC.

"In response, we formed a unique and flexible group to assist top dealers with growth capital and balance sheet management."

Jay Sugarman, chairman and CEO of iStar Financial, added, "We believe AutoStar's unique ability to provide customers with a wide range of flexibly structured and custom-tailored capital will make AutoStar a valuable financing source for auto retailers nationwide."

AutoStar is based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
, and will continue to grow its service offerings as well as its portfolio of automotive properties across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .
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Title Annotation:Retail
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 11, 2004
Words:272
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