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PCCP PROVIDES $18.1M LOAN FOR ACQUISITION OF OFFICE PROPERTY IN IRVING

Posted on by in Office, Texas

IRVING, TEXAS — PCCP LLC has provided an $18.1 million senior loan to Stanton Road Capital and Second City Real Estate for the acquisition and leasing of 3660 Regent, a 158,728-suare-foot Class B office building in the Freeport submarket of Dallas. The private seller had owned the building since 2000. The two-story property is located at 3660 Regent Blvd. in Irving and was developed as a build-to-suit for Ford Motor Credit Co., which remains a major tenant. The property is less than a mile from the LBJ/635 Freeway, which offers access to Highway 114 and Highway 121.

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