 |
| CarMax Auto Dealership, Garland, TX |
DALLAS, TX – HFF announced it has closed the sale of a
65,388-square-foot CarMax auto dealership in Garland, Texas.
HFF
marketed the property exclusively on behalf of the seller, an affiliate of
Phoenix-based Cole Real Estate Investments.
A publicly traded REIT purchased the asset for an undisclosed amount
free and clear of debt.
 |
| Coler Yoakam |
The
property is situated on a 14.4-acre site at 12715 Lyndon B. Johnson Freeway at
the intersection of Interstate 635 and the Northwest Highway in Garland, about
10 miles northeast of downtown Dallas.
The land is leased to CarMax Auto Superstores, Inc., on an absolute
triple-net basis.
 |
| Brandon Chavoya |
The
HFF investment sales team representing the seller was led by directors Coler
Yoakam and Brandon Chavoya, and senior managing director Mark
West.
Cole
Real Estate Investments is a diversified real estate company with more than
$11.8 billion of assets under management, totaling nearly 2,000 properties in
47 states.
 |
| Mark West |
Cole actively
manages its portfolio consisting primarily of single-tenant and multi-tenant
retail properties, as well as net-leased office and industrial properties,
under long-term leases with creditworthy tenants.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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