We’re pleased to share that VHL Law recently represented a Miami-based real estate investment company in the acquisition and financing of a 115,000 square foot shopping center in Lewisville, Texas, just outside of Dallas. This is the second property our client has acquired in the growing Lewisville area, which continues to be a prime location for commercial real estate investment.
Lewisville, known for its proximity to Dallas, has seen rapid growth in recent years. With its booming retail sector and strong business environment, the area has become an attractive destination for investors.
In this transaction, we were involved from the letter of intent (LOI) stage through closing, which is key in ensuring a smooth process. It’s critical to get an attorney involved early on, as complex commercial deals often require more than just standard contracts. We worked to draft a comprehensive purchase and sale agreement (PSA) that protected our client from both foreseeable and unforeseeable issues, such as potential delays, title concerns, or financing hurdles. Relying on form contracts simply doesn’t offer the level of protection a buyer or seller needs in transactions of this magnitude.
Our team worked closely with the national title agency, lender’s counsel, and local counsel in Texas, guiding the deal to a successful closing. By being proactive and thorough in our approach, we ensured our client was protected at every stage.
Having the right agreements in place helps to prevent delays and disputes, allowing both buyers and sellers to focus on closing the deal without unnecessary stress. Our firm’s hands-on involvement, from LOI to closing, ensures that our clients’ interests are fully protected throughout the process.
This acquisition is a great example of how early legal involvement and strategic contract drafting can make a big difference in a commercial real estate transaction. We’re proud to have been part of this project and look forward to continuing to assist clients in their real estate investments.
For more information on how we can help with your next transaction call us.