CORFAC News

Cleveland, Ohio (September 20, 2011) – Gerald B. Medinger, SIOR of Weber Wood Medinger/CORFAC International, a leading full-service commercial real estate provider serving corporate clients on a national basis, today announced the sale of a Texas property on behalf of its client PAI Dallas.Cleveland-based PAI Dallas has sold the 32,480-square-foot office/warehouse on nearly 1.9 acres at 2555 Tarpley Rd. in the Trinity Square Business Park in Addison, TX to Ohio-based M-D Investments. The acquisition represents M-D Investments' entry point to the Dallas/Fort Worth marketplace.Medinger, along with Brian Pafford and Kevin J. Santaularia, president and CEO of Dallas-based Bradford Commercial Real Estate Services/CORFAC International, represented the seller in this transaction.PAI has numerous operating companies and investments in Ohio and other states and WWM’s Medinger has represented the firm in previous lease and sale real estate transactions.The Texas property, located in the Metropolitan/Addison submarket, changed hands just 90 days after it hit the market. The town of Addison is approximately 13 miles north of downtown Dallas.The warehouse has 1,680 square feet of office area, 20-foot clear heights, four dock-high doors, two grade-level doors and 50 parking spaces - and provides access to Texas 190 and the North Dallas Tollway.About Weber Wood MedingerSince 1968, Weber Wood Medinger (WWM) has provided an extensive range of real estate services to corporations and investors locally, nationally and internationally by working with a ‘best-in-class’ business model and partnering with the most qualified real estate professionals in multiple markets to represent its clientele. The Beachwood, OH-based company has represented more than 30 Cleveland-area companies in selecting headquarters facilities for their respective businesses and in a variety of methods, including lease, acquisition, build-to-suit development and ground-up construction. The firm’s principals have expertise in corporate consulting, strategic planning, tenant representation specializing in office, R&D and industrial properties, marketing, transaction analysis and landlord representation. For more information visit www.wwmrealestate.com or call 216.464.7100.About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial, corporate services, retail real estate and property management. In association with FIABCI – the International Real Estate Federation, BDIin Mexico,five independent firms in Canada, Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services, CORFAC International has 80 offices in the Americas and a market reach to 65 countries worldwide.  For more information on CORFAC, contact 954-923-6160, info@corfac.com or visit www.corfac.com.