THE WOODLANDS, TX – Pisula Development Company (PDC) announced today that it has created a thirteen-property portfolio of primarily healthcare, retail and land properties totaling nearly 283,000 square feet in The Woodlands and Dallas/Fort Worth, Texas. The portfolio consists of ten properties located in and around The Woodlands, Texas including Terramont Village Shopping Center, a 24,300 square foot retail shopping center off the southeast corner of Woodlands Parkway and FM 2978 in The Woodlands, Texas that was acquired just prior to year-end 2015. The remaining properties are located in the Dallas/Fort Worth suburbs of Coppell, Frisco and Mansfield.
The portfolio consists of medical office buildings, emergency centers, retail centers and land assets in high-growth areas of The Woodlands and Dallas/Fort Worth. The improved properties were built between 2004 and 2015 and are approximately 94.8 percent leased.
The portfolio was capitalized with a combination of new and existing loan proceeds and contributions from existing investor members. PDC expects to continue to grow Pinecroft Core Holdings via new acquisitions and developments.
About Pinecroft Core Holdings
Pinecroft Core Holdings, LLC is an affiliate of Pisula Development Company and RRC Medical Real Estate, LLC. RRC is a full service, commercial real estate firm located in The Woodlands, a suburb of Houston, Texas. RRC provides property, asset and facilities management services for just under 1.1 million square feet of commercial real estate. Through its Pinecroft Realty, LLC subsidiary, RRC provides leasing and brokerage services. For more information please visit PinecroftRealty.com.
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