Fort Worth-based Corinth Land Co. Acquires Southlake Bank Street Business Park

FORT WORTH, Texas--(BUSINESS WIRE)--Jul 23, 2024--

Adding to its North Texas commercial investment portfolio, Fort Worth-based Corinth Land Co. recently acquired the Bank Street Business Park, 351 Bank Street, Southlake, TX 76092. Located within minutes from DFW Airport and strategically situated within the Hwy. 114/121 corridor, the six tenant business park includes 7,200 SF, and is 100 percent occupied.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723099061/en/

Fort Worth-based Corinth Land Co. recently acquired the Bank Street Business Park, 351 Bank Street, Southlake, TX 76092. Located within minutes from DFW Airport and strategically situated within the Hwy. 114/121 corridor, the six tenant business park includes 7,200 SF, and is 100 percent occupied. (Photo: Business Wire)

The purchase was financed by Pinnacle Bank of Fort Worth with equity provided by Corinth Land Co.

“While we have significant investments throughout North Texas, this is our first in the Southlake market which historically nets high rents,” said Corinth Land Co. President and Founder Paun Peters. “The Southlake submarket continues to be strong and is well positioned for future growth and opportunity.”

Founded by Peters in 2006, Corinth Land Co.’s initial focus was providing oil and gas surface sites and easements in the Barnett Shale. Peters sold the company’s holdings in 2016 and is now focused on the acquisition, development and operation of commercial and residential real estate assets in strategic locations throughout the DFW area, Texas and North America.

“We have had our investment radar on the Southlake industrial flex market for quite some time,” said Danny Peters, Corinth Land Co.’s broker of record. “As Corinth’s history shows, we are bullish on the North Texas industrial market and anticipate that to be the case for the foreseeable future.”

For more information, visit www.corinthland.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20240723099061/en/

CONTACT: Susan K. Medina, 817.707.1306

The Collaborative

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Corinth Land Co.

PUB: 07/23/2024 09:00 AM/DISC: 07/23/2024 09:01 AM

http://www.businesswire.com/news/home/20240723099061/en