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Pillar Commercial And OliveMill Holdings Acquire Pinnacle Point Office And Industrial Campus In Southlake, Texas

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SOLD

Texas

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Office81,259 SF
Sold 09/21/2023
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SOLD

Pillar Commercial And OliveMill Holdings Acquire Pinnacle Point Office And Industrial Campus In Southlake, Texas

425 South Kimball Avenue

See Similar Deals
Office81,259 SF
Sold 09/21/2023
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:81,259 SF
Transaction Type:Sale

OliveMill Holdings and Pillar Commercial, two local investors, have recently acquired the Pinnacle Point office and industrial campus in Southlake, Texas. This modern office/flex space, built in 2020, adds to their growing portfolio of properties. The campus, located at 425, 435 & 445 South Kimball Avenue, provides 81,259 square feet of prime business and residential space in a highly desirable community.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 425, 435 & 445 South Kimball Avenue
  • Market: Southlake
  • Size: 81,259 square feet

Pillar Commercial, represented by Manny Ybarra, and OliveMill Holdings, represented by Chris Selbo, joined forces to acquire this prominent office and industrial campus. The deal was facilitated by Parker McCormack of JLL, who served as the broker. The lender involved in the transaction was Security National Bank. This acquisition further establishes the buyers' presence in the local real estate market and expands their investment opportunities.

Players

Parker McCormack
7 deals
BROKER

Security National Bank
LENDER

Details

SOLD
IMAGE: Manny Ybarra, Chris Selbo & Parker McCormack DATE: 09/21/2023 ADDRESS: 425, 435 & 445 South Kimball Avenue MARKET: Southlake ASSET TYPE: Office ~ SF: 81,259 BUYER: Pillar Commercial (@pillarcommercial) - Manny Ybarra; OliveMill Holdings - Chris Selbo (@cselbs23) BROKER: Parker McCormack (@parkermccormack_) - JLL (@jll) LENDER: Security National Bank (@securitynationalbank) NOTE: Pillar Commercial and OliveMill Holdings, both local investors, have purchased the Pinnacle Point office and industrial campus in Southlake, Texas, built in 2020. This acquisition adds to their recent purchases and offers modern office/flex space in a prime business and residential community, with one of the three buildings ready for occupancy.

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