Garrett Wood Of Hanley Investment Group Represents Buyer In Brakes Plus Property Acquisition Transaction

The transaction involved the sale of two Brakes Plus-occupied, single-tenant net-leased properties located at 8612 Precinct Line Road in North Richland Hills and 3301 West Stan Schlueter Loop in Killeen, Texas. The total square footage of the retail properties is 9,856, situated on 2.06 acres of land in the North Richland Hills and Killeen markets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Buyer's Rep: Garrett Wood - Hanley Investment Group
• Seller's Rep: Brian Bailey, Drew Isaac & Tim Speck - Marcus & Millichap; Matt Montagne, Maxwell Watson & Tyler Ellinger - Sands Investment Group

Hanley Investment Group, through Garrett Wood, facilitated the acquisition of the properties for a Florida-based 1031 exchange investor. The deal involved sourcing and negotiating favorable terms, resulting in significant savings and rapid escrow closures within 30 and 39 days for the respective properties in North Richland Hills and Killeen, Texas.