Metropolitan Capital Advisors Arranges Equity for 215K SF Retail Center

1/9/19

Metropolitan Capital Advisors, Ltd. has arranged the equity for the development of The Shops at Chisholm Trail, a to-be-built 215,000 SF retail center that will also include eight retail pad sites. The Shops at Chisholm Trail Ranch is a part of the 600-acre, master-planned Chisholm Trail Ranch community in Southwest Fort Worth. At completion, the project will include tenants such as Marshall’s, Old Navy, Ulta Beauty, Five Below and AT&T.

Streetlevel Investments, whose principals have been directly involved in over six million square feet of retail, medical, and mixed-use developments and investments exceeding $1 billion, will develop the project. Streetlevel’s extensive experience is enhanced with real-time market data and local market expertise through its affiliation with Edge Realty Partners.

Sunny Sajnani and Todd McNeill, both Principal Directors at MCA, were responsible for arranging the JointVenture Partnership with Paravest Capital, a privately owned real estate investment company headquartered in Dallas, TX. Paravest invests in mid-market real estate assets throughout the United States through joint venture partnerships with proven, experienced operating partners. Grapevine-based 2GR Equity will join Paravest and Streetlevel in the venture.

Since 1992, Metropolitan Capital Advisors has closed in excess of $14.0 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA completed over $850,000,000 of commercial real estate financings during 2018.