Ferguson represented Smart Financial Credit Union in the acquisition of a recent-construction Class A office building in the Westchase District of Houston. The property allowed the 80+-year-old organization to expand and upgrade its headquarter office. The property allows room for future growth while benefiting from an income stream from tenants.
In record-setting time, Kelly represented Smart Financial with identifying the purchase opportunity, negotiating terms, performing due diligence and completing the final acquisition. The result was a relatively quick headquarter-relocation to a beautiful, Class A property, perfectly suited for Smart Financial’s requirements.
The property featured the added benefit of surplus space to allow for future growth. We acquired the property with leases in place for this “extra” space to generate immediate income and offset overall occupancy costs.
Kelly continues to represent Smart Financial in lease and purchase acquisitions for new branches.
Smart is a full-service financial institution that is dedicated to providing outstanding customer service. Smart serves the community through the Smart Financial Foundation. Smart is a founding partner of the Smart Financial Centre, a state-of-the-art 200,000-SF indoor performance venue.