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Macquarie CNL Invests $50M for Two FW Office Assets

FORT WORTH- Macquarie CNL Global Income Trust Inc. has identified two more acquisitions in the Lone Star State. The fund, which focuses on income-producing properties leased to credit tenants, has inked an agreement to purchase two class A office buildings here for $49.75 million.

Macquarie CNL already has closed on the acquisition of Heritage Commons III and will close on the acquisition of Heritage Commons IV during the fourth quarter. Both buildings are fully leased and located in AllianceTexas, a 17,000-acre, master-planned community that is home to more than 260 companies, 28,000 employees and 7,400 single-family homes.

The two buildings mark the second and third acquisitions the fund has made, according to Mark Petersen , senior vice president with CNL Financial Group . The fund, which is registered to raise $1.5 billion, made its first acquisition earlier this month, buying a 51,189-square-foot distribution center Pflugerville, TX, that is fully leased to FedEx Ground Package System Inc. The property sold for $4.55 million.

Collectively, the AllianceTexas Heritage properties offer 283,000 square feet. The 119,000-square-foot Heritage Commons III, which was built in 2006, sits on nine acres. It is currently 100% leased to DynCorp International, a government services contractor.

Heritage Commons IV, which was constructed in 2008, is located on 10 acres. The 164,000-square-foot office building is 100% leased to Mercedes-Benz Financial Services.

Petersen tells GlobeSt.com that the office buildings, which were acquired in an off-market transaction, are an ideal fit for the fund’s investment criteria. “The fund is designed to produce current income, and we could achieve the kind of income we were looking for with these buildings,” he says. “They’re class A, they have great tenants and a good term left on the leases.

FW: Laugh til you cry...

ONLY A MAN
WOULD ATTEMPT THIS

Just try reading this without laughing till you cry!!!

Pocket Tazer Stun Gun, a great gift for the wife.
A guy who purchased his lovely wife a pocket Tazer for their anniversary submitted this:

Last weekend I saw something at Larry's Pistol & Pawn Shop that sparked my interest. The occasion was our 15th anniversary and I was looking for a little something extra for my wife Julie. What I came across was a 100,000-volt, pocket/purse-sized Tazer.

The effects of the Tazer were supposed to be short lived, with no long term adverse affect on your assailant, allowing her adequate time to retreat to safety...??

WAY TOO COOL! Long story short, I bought the device and brought it home... I loaded two AAA batteries in the darn thing and pushed the button.. Nothing! I was disappointed. I learned, however, that if I pushed the button and pressed it against a metal surface at the same time, I'd get the blue arc of electricity darting back and forth between the prongs.

AWESOME!!! Unfortunately, I have yet to explain to Julie what that burn spot is on the face of her microwave.

Okay, so I was home alone with this new toy, thinking to myself that it couldn't be all that bad with only two AAA batteries, right?

There I sat in my recliner, my cat Gracie looking on intently (trusting little soul) while I was reading the directions and thinking that I really needed to try this thing out on a flesh & blood moving target.

I must admit I thought about zapping Gracie (for a fraction of a second) and then thought better of it. She is such a sweet cat. But, if I was going to give this thing to my wife to protect herself against a mugger, I did want some assurance that it would work as advertised.

Am I wrong?

So, there I sat in a pair of shorts and a tank top with my reading glasses perched delicately on the bridge of my nose, directions in one hand, and Tazer in another.

The directions said that:
A one-second burst would shock and disorient your assailant;

A two-second burst was supposed to cause muscle spasms and a major loss of bodily control; and

A three-second burst would purportedly make your assailant flop on the ground like a fish out of water.

Any burst longer than three seconds would be wasting the batteries.

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