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South African Investor Buys First American Project

 

FORT WORTH – Blazing Meadows Investments, a South Africa-based investor, has acquired a retail center in Fort Worth, its first purchase in the United States.

The 4,300-SF retail center, located on Interstate 820 at Clifford Street, was purchased from a venture of MG Retail Partners and Vaquero Ventures. Michael Austry of CBRE represented the seller. Karim Budri of Gharbieh & Associates of Dallas represented the buyer.

“We are extremely pleased with our first U.S. acquisition. With continued growth in the DFW area, there is great potential here and we will continue to look for good investment opportunities within this market,” said Ahmed Omar of Blazing Meadows.

“This is brand new construction with strong, recognized tenants and it generated significant investor interest,” said Austry. “The property was under contract within 30 days of listing and before rent commenced. I was thrilled to see the interest the property generated from the international investment community. Many of the properties we’re currently marketing are attracting similar interest from international capital and that says a lot about the strength of the North Texas economy.”

Feb. 2, 2017 Realty News Report Copyright 2017

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