2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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518K-SF Industrial Property Becomes Largest for Preston Forrest
Preston Forrest Capital recently acquired an industrial property in Sherman, TX for an undisclosed price. This 518,700-square-foot facility becomes the largest industrial property acquired to-date for Preston Forrest Capital.
The warehouse situated on 70 acres is 40 miles north of the Dallas-Fort Worth metro at 1400 W. FM 1417 just west of U.S. Highway 75. The 100 percent-occupied facility currently serves as a regional distribution hub for CertainTeed Corporation, an international building products manufacturer.
The building is located within Progress Park, a 3,300-acre master-planned business park, which is home to operations of global leaders Tyson Foods, Sunny Delight, Texas Instruments, Emerson, Finisar, FedEx and others. Prior to its conversion into a distribution warehouse, the building was used for insulation manufacturing and distribution.
Stan McClure of CBRE represented the seller, the State of Texas Permanent School Fund and General Land Office, in the transaction.
“This acquisition is directly in line with our firm’s strategy as we continue to invest in growing markets with strong fundamentals,” says company president Dru Landrum. “While we are active in other asset classes, our main focus right now is expanding our industrial holdings in Texas through acquisition and development.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.