Vista Equities Group and Vista Private Equity Group are pleased to announce the acquisition of University Commons III
FOR IMMEDIATE RELEASE
December 31, 2016
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 III
Vista Equities Group and Vista Private Equity Group have announced the acquisition of 2.85 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 University Commons I and across University Boulevard from University Commons II, both of which are Vista Equities Group and Vista Private Equity Group acquisitions that have taken place over the past two years. The project, University Commons III, is planned to be a ground-up retail developments that is planned to include national and regional retail tenants. The project will also include pad sites for restaurants available on a build-to-suit or ground lease basis. University Commons III is an estimated $8 million project, with expected construction to start in May 2018.
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