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Prescott Realty Acquires Summit Office Park

GE Real Estate Funds CBD Twin Tower Deal
By Aaron Fox-Collis
October 5, 2007 | 2:50 P.M.

Prescott Realty Group added 241,250 square feet of office space to its portfolio with the acquisition of the twin towers of Summit Office Park from KP/Summit Management LLC. This was the group's first Fort Worth acquisition since 2002 in an off-market transaction funded by GE Real Estate. The price was not disclosed. There are plans for capital improvements to modernize the building.

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