Market Overview

Corinth Land Co. and Prattco Creekway Industrial Acquire Dallas' Northgate Business Park

Share:

Investment Partners Close on Fourth and Largest Acquisition

Originally developed by Trammel Crow in 1980, Fort Worth-based Corinth
Land Co. and Dallas-based Prattco Creekway Industrial (PCI) have
acquired the active Northgate Business Park located at the intersection
of Miller Rd. and I-635 in the well-established North Dallas/Garland
submarket. The four-building business park encompasses 213,481 SF,
includes 11 tenants and is 100 percent occupied. The purchase was
financed by Veritex Community Bank of Dallas with equity provided by
Fort Worth-based Western Production Co., an affiliate of Corinth Land Co.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180724005520/en/

Originally developed by Trammel Crow in 1980, Fort Worth-based Corinth Land Co. and Dallas-based Pra ...

Originally developed by Trammel Crow in 1980, Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial (PCI) have acquired the active Northgate Business Park located at the intersection of Miller Rd. and I-635 in the well-established North Dallas/Garland submarket. (Photo Credit: Epic Foto Group)

"This acquisition is now the cornerstone of our portfolio given its
significance in the North Texas industrial real estate market," said
Corinth Land Co. President and Founder Paun Peters. "The North
Dallas/Garland submarket is established, strong and stable. We're more
than pleased to add this to our portfolio."

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.

"The Northgate Business Park is an ideal complement to our portfolio due
to its institutional quality, size and the minimal downside risk," said
Lance Bozman, a PCI partner. "This property offered a highly competitive
bidding process. Our winning bid, we think, once again speaks to the
integrity of the Corinth Land Co./PCI partnership."

With notable success throughout his storied career, J. Robert "Bob"
Bozman partnered with two veterans of the real estate investment
industry, Lance Bozman and Chad Lunsford, to form Prattco Creekway
Industrial (PCI) in 2016 with a goal to acquire and manage light
industrial buildings in Texas and surrounding Sunbelt states.

A former energy executive with a distinguished career that includes
Cholla Petroleum and Noble Royalties, Bob Bozman and his two sons, Lance
and Blake Bozman formed Prattco International, LLP in 2007 with a focus
on purchasing oil and gas royalties, multi-family, multi-level
commercial and campus style apartment properties.

Lance Bozman was formerly a managing director of a $1 Billion
AIG/Lincoln portfolio that comprised 4 million SF of industrial and
commercial investments. Lunsford spent 20 years at GE Capital Real
Estate and has a deep background in risk management, underwriting and
operations serving in various management and leadership positions.

For more information, visit www.corinthland.com,
www.prattcocreekway.com
or email fmills@prattcocreekway.com.

View Comments and Join the Discussion!