Corinth Land Co. and Prattco Creekway Industrial (PCI) Acquire Three Buildings in IH-20 West Business Park
As Partnership Honors Legacy of PCI Founding Partner Bob Bozman Who
Died July 30, 2018
On the heels of their acquisition of Dallas’ Northgate Business Park,
Fort Worth-Based Corinth Land Co. and Dallas-based Prattco Creekway
Industrial (PCI) have acquired three buildings in the IH-20 West
Business Park west of Fort Worth just miles from the Walsh Ranch
development. The 77,640 SF three-building business park has five tenants
and is 94 percent occupied. The property was sold by furniture-giant
Rick Stacy and the purchase was financed by Southwest Bank, directed by
Becky Carlton. Equity was provided by Fort Worth-based Investors Royalty
Inc., an affiliate of Corinth Land Co.
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Fort Worth-Based Corinth Land Co. and Dallas-based Prattco Creekway Industrial (PCI) have acquired three buildings in the IH-20 West Business Park west of Fort Worth, Texas. (Photo: Epic Foto Group)
Sadly, and unexpectedly, PCI Founding Partner Bob Bozman passed away
only days before the IH-20 West Business Park acquisition was closed.
J. Robert “Bob” Bozman, an SMU graduate and president of the Alumni
Association in 1983, partnered with two veterans of the real estate
investment industry, Lance Bozman and Chad Lunsford, to form Prattco
Creekway Industrial (PCI) in 2016. A former energy executive with a
distinguished career that includes Cholla Petroleum and Noble Royalties,
Bob Bozman and his two sons, Lance and Blake Bozman formed Prattco
International, LLP in 2007 with a focus on purchasing oil and gas
royalties, multi-family, multi-level commercial and campus style
apartment properties.
“My dad fulfilled a lifelong dream when we started PCI,” said Lance
Bozman, a PCI partner and one of Bob Bozman’s sons. “As hard as it is to
move forward after Dad’s passing, I feel sure he’s at peace knowing we
are realizing his dream and would want us to continue his legacy of
making smart investments with strategic partners like Corinth Land.”
“I am honored to have had the opportunity to know and partner with Bob.
He was a man of immeasurable character and integrity who always looked
for the good in people and in every situation,” said Corinth Land Co.
President and Founder Paun Peters. “I do think he’d be pleased with our
latest acquisition.”
“Even with unforeseen circumstances, the Corinth Land and PCI team were
seasoned professionals who stayed focused every step of the way through
this process,” said Stacy Furniture & Design Owner Rick Stacy. “Given
their capabilities, I’d welcome the opportunity to do business with them
again.”
Founded by Peters in 2006, Corinth Land Co.’s initial focus was
providing oil and gas surface sites and easements in the Barnett Shale.
Peters sold the company’s holdings in 2016 and is now focused on the
acquisition, development and operation of commercial and residential
real estate assets in strategic locations throughout the DFW area, Texas
and North America.
Lance Bozman was formerly a managing director of a $1 Billion
AIG/Lincoln portfolio that comprised 4 million SF of industrial and
commercial investments. Lunsford spent 20 years at GE Capital Real
Estate and has a deep background in risk management, underwriting and
operations serving in various management and leadership positions.
For more information, visit www.corinthland.com
or www.prattcocreekway.com.
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Copyright Business Wire 2018
Source: Business Wire
(September 12, 2018 - 1:00 PM EDT)
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