CORFAC News

FOR ADDITIONAL INFORMATION:
Joe Santaularia, 972-337-9325

Irving, TX (March 4, 2013) – Drawing a yearlong process to a close, South MacArthur Church of Christ Inc. has acquired the 73,076-sf four-building complex of Goodson Acura, a 12.1-acre property with prime freeway frontage.

"South MAC Church," as it's commonly called, closed the deal within 10 days of a rezoning decision for the property at 1750 E. Airport Freeway, a highly visible location along Irving's eight-lane stretch of Texas 183. Goodson Acura has leased the sales center for one month, gaining time for finishing touches to be completed at its brand-new dealership, located at the corner of Lemmon Avenue and the Dallas North Tollway. In a longer term lease arrangement, the dealership's two-building service center will remain in place at the rear of the property.

South MAC's congregation will begin renovations as soon as Goodson Acura vacates the single-story sales center. The interior, roughly 50,000 sf, will be converted into a chapel with ample seating space and a sprinkler system will be installed. Cosmetic upgrades are planned for the exterior.

"To make the building work for a church, substantial renovations will be required," says Joe Santaularia, market director of Dallas-based Bradford Commercial Real Estate Services/CORFAC International, who's spent the past year scouring the city for a property with immediate and long-term potential for the church and its steadily growing, community-centered programs.

Goodson Acura's freeway-fronting location was the dealmaker. Bob Ginsburg of CBRE represented the seller.

"It was a slam dunk buy," Santaularia says.

The goal is to be holding services at the new location in three months. The church currently leases space at 1400 W. Grauwyler Rd.

About Bradford Commercial Real Estate Services/CORFAC International
Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged over 8,500 completed transactions annually totaling more than 600 million square feet worth an excess of $5.2 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.