DALLAS—Cassidy Turley has arranged the joint venture for Caddo Holdings with AFO Capital in order to acquire Preston Plaza in north Dallas.

As GlobeSt.com previously reported, Caddo Holdings purchased the 260,000-square-foot office building from Granite Properties for an undisclosed price.

Cassidy Turley's structured finance team led by executive managing director Beth Lambert and senior vice president Diego Arroyave structured the joint venture equity deal.

"Caddo's successful track record and the rapid growth of their platform generated strong investor interest from equity partners wanting to capitalize on their momentum in the office sector," says Lambert.

Locally-based Caddo currently has a total of one million square feet under management says it plans to invest four million of capital into Preston Plaza.

"We are aggressively targeting ideal class A and B office locations and industrial buildings in Dallas, Fort Worth, Houston, and Austin," says Justin Engler with Caddo. "The quality of the building and strong demographics around the Preston and Frankford intersection attracted us to this property."

Caddo Real Estate Services will manage the property while Kathy Permenter, Sean Dalton, Heather Shover, and Kolby Dickerson of Younger Partners will oversee the leasing of the property.