FOR IMMEDIATE RELEASE
October 27, 2014
Contact: Brent Mann, Vista Private Equity Group, (281) 560-7375, email@example.com
VISTA EQUITIES GROUP AND VISTA PRIVATE EQUITY GROUP ARE PLEASED TO ANNOUNCE THE ACQUISITION OF UNIVERSITY COMMONS
Vista Equities Group and Vista Private Equity Group have announced the acquisition of 14.73 acres of property located on the northeast corner of US Highway 59 and University Boulevard at the main entrance to Newland Communities highly successful master planned community of Telfair in Sugar Land, Texas. The property is adjacent to Costco, which opened in the fall of 2013. The project, University Commons, will include a ground-up mixed-use development that will serve the greater Sugar Land community, as well as the numerous regional and international corporations located in the area. University Commons is planned to include national, regional and local retail tenants, along with small shop and office space. The project will also include pad sites for restaurants and banks available on a build-to-suit or ground leases basis. University Commons is an estimated $39 million project, with expected construction to start in October of 2015.
About Vista Private Equity Group
Founded in 2006, Vista Private Equity Group (www.vistagroupllp.com) is focused on the development of new properties and the acquisition of existing income-producing properties. In addition, it seeks to make investments in private companies within the smaller end of the middle market. Vista’s core investment focus is providing equity capital to support these types of businesses when they face a critical “transition” point – primarily ownership transitions or transformative growth initiatives.
About Vista Equities Group
Vista Equities Group is part of the Vista Companies, a Houston‐based real estate services group led by longtime developer, Woody Mann. Vista Equities focuses on the development of new properties and the acquisition of existing income‐producing properties. Vista Equities’ sister firm, Vista Management Company, provides leasing and property management services for third party owners and Vista’s own investment partnerships. The senior development and property management team represents more than eighty‐five years of experience in the Texas real estate market. For more information on the Vista Companies, please visit www.vistahouston.com