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Southlake business park sells to local investors

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Southlake's three-building Pinnacle Point office and industrial campus has sold to two local investors.

Texas officials met with Freestone County leaders about Fairfield Lake State Park and eminent domain updates.Security National Bank provided financing for the acquisition. Jones Lang LaSalle’s Parker McCormack brokered the sale.Richards Group tower

on North Central Expressway north of downtown Dallas. Working in partnership with Dallas’ Hunt Realty Investments and New York-based Angelo, Gordon & Co., OliveMill is remodeling the 18-story high-rise. “OliveMill targets assets that are well located in commercial and employment growth centers, and Pinnacle Point is exactly that,” founding partner Chris Selbo said in a statement. Selbo said OliveMill hopes to work with Pillar Commercial on other purchases.Founded in 2004, Allen-based Pillar Commercial owns several office properties in North Texas.

 

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