Strasburger Attorney Acknowledged for Best Real Estate Transaction

APRIL 28, 2005 (Dallas, Texas) — Strasburger & Price, LLP, a full-service law firm with over 190 attorneys in seven offices, is pleased to announce that for the second consecutive year, the Dallas Business Journal (DBJ) recognized a real estate transaction handled by Strasburger attorney Robert Strauss as one of the "Best Real Estate Deals" of the year.

In March, the DBJ acknowledged Cott Corporation (Cott) for closing the "Best Industrial Deal – Developed Real Estate" in 2004. In this transaction, Mr. Strauss represented Cott, one of the world's leading suppliers of house brand soft drinks for major retailers, in negotiating a long-term lease of a 508,000 square foot building in the Centreport Industrial Park between Dallas and Fort Worth that has been vacant for five years. Cott will invest $45 million in the project and will initially employ 100 individuals. The transaction also involved a 10 year property tax abatement from the City of Fort Worth valued at $1.3 million.

In 2003, Mr. Strauss represented CertainTeed Corporation in leasing approximately 70 acres and a 525,000 square foot building for a state-of-the-art facility in Sherman, Texas, from the Texas General Land Office (GLO) Permanent School Fund which had purchased the property in a concurrent transaction. The CertainTeed transaction represented the first time the GLO had used its authority to assist in economic development in the State of Texas for a private sector facility. The DBJ recognized the CertainTeed transaction as a finalist for the "Best Community Impact in the Greater Dallas Area" for 2003.

Mr. Strauss, a partner in Strasburger's Dallas office, represents clients in real estate, housing, and finance issues, as well as in private placements of equity securities pursuant to Regulation D. He has extensive experience with commercial real estate transactions including acquisitions, dispositions, development, ground leases, lease financing, and debt financing involving conventional, tax-exempt bond, and HUD insured loans during the course of his 30 year practice. He has represented one of the largest owners and managers of seniors housing on a national basis, and in that capacity performed or coordinated legal representation including site acquisition, land use and other regulatory approvals, construction contracts and loan negotiations, and closings. He has substantial experience with the financing, operation and management of the Federal housing programs, including affordable housing, the Section 8 program, program compliance, and controversy.
  

Dallas Business Journal

The DBJ is a weekly, local business publication containing the latest news of 46 industries nationwide, as well as networking and marketing alerts. The DBJ is owned by parent company, American City Business Journals, which circulates 41 other local business newspapers nationwide. To learn more about the Dallas Business Journal, please visit www.bizjournals.com/dallas.

     
STRASBURGER & PRICE, LLP