Encore Enterprises Doubles-Down on Dallas: Acquires Class B Commercial Medical Office Building, Reopens Corporate HQ as Owner-Occupied Tenant
Despite tough lending climate, banks' continued struggle with commercial office portfolios, Encore secures loan on $7 million property through Cadence Bank in new relationship
Encore Enterprises, Inc. (Encore) today announced the acquisition of a two-story, Class B medical office building at $114 PSF with 61,356 rentable square feet, located at 16980 N. Dallas Parkway. Situated on 3.144 acres fronting the N. Dallas Tollway north of Westgrove, adjacent to the Quorum/Bent Tree submarket, Encore financed the $7 million property through a bank loan from the Dallas Commercial & Industrial team at Cadence Bank in the inaugural business transaction between the entities. The acquisition grows the
