117
FORT WORTH, TEXAS — LNR Property Corp.’s Commercial Property Group, the company’s real estate development and investment division, has purchased Phase II of The Presidio, a mixed-use development in Fort Worth. Phase II, located at the intersection of Interstate 35 West and U.S. Highway 287, will consist of 135 acres of retail, office and other commercial space. LNR Property Corp. acquired Phase I of The Presidio in November 2007. The total mixed-use development area will comprise more than 300 acres, with construction on the site scheduled to begin this month.