CIT Group’s Real Estate Finance unit provided $36.2 million in financing for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, TX.
Park Center, which was acquired by an affiliate of Innovatus Capital Partners LLC, is a five-story, Class A office building.
“Park Center is a top-quality property in a highly desirable area in the Dallas metro,” said Bradley Seiden, managing director of Innovatus. “We greatly appreciate CIT’s agility and expertise in arranging the financing used to close on this property as we continue to build our diversified portfolio of commercial real estate.”
