JTL Capital acquires prominent site at corner of Preston and Northwest Highway

November 6, 2006
FOR IMMEDIATE RELEASE

Dallas-based JTL Capital, LLC announced today that it has closed on its acquisition of the former Mobil gas station property located at the southwest corner of Preston Road and Northwest Highway in Dallas, Texas.

JTL Capital acquired the 9,000 square foot site with plans of immediately marketing the prominent corner as a ground lease opportunity, most likely to a retail bank. The site is located in Preston Center, where many banks have flocked over the last few years to gain a presence in this prestigious center for business, trade, and dining options.

"This is probably one of the top 3 corners in Dallas, if not the entire state," said Brucker Stensrud, partner at JTL Capital. "I think banks will show a lot of interest in the site-not only because of Preston Center-but because the site itself will be a huge billboard on one of the busiest intersections in town."

Blake Box Company has been retained to market the property for JTL Capital.

Founded in 1999, JTL Capital, LLC is a closely held, private real estate investment and development concern based in Dallas, Texas. JTL invests directly in buildings, land, leaseholds, mortgages and other real estate interests and employs a value-enhancement strategy to generate attractive risk-adjusted returns for the company and its investors.