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High-tech design firm heads to new Frisco office project


High-tech design firm heads to new Frisco office project
California-based Interior Logic Group will locate design studio and technology center at Frisco Station.
The 242-acre Frisco Station development is one of the fastest growing projects on the Dallas North Tollway.(Debra Hale | Hillwood )
A new Frisco office has landed its first tenant.
The Office Three building is part of the $1.8 billion Frisco Station mixed-use development.
Located just west of the Dallas North Tollway, the 242-acre project surrounds the Dallas Cowboys headquarters and is a development of VanTrust Real Estate, Hillwood and The Rudman Partnership.
The six-story, 210,000-square-foot Offices Three building located north of Warren Parkway just opened its doors. ....

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Select Interior Concepts to Sell Its RDS Segment to


Transforms balance sheet to debt-free, strong net cash position providing significant financial flexibility
Concentrates efforts on maximizing value in the stone and tile distribution market and expands margin profile
ATLANTA, May 09, 2021 (GLOBE NEWSWIRE) Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and distributor of interior building products, today announced that it has entered into a definitive agreement to sell its Residential Design Services segment (“RDS,”) in an all-cash transaction to Interior Logic Group (“ILG”), a portfolio company of Blackstone. The transaction is valued at approximately $215 million, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt of required regulatory approvals. SIC intends to use the proceeds from the transaction to repay all its outstanding indebtedness and capital lease obligations. ....

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Select Interior Concepts to Sell Its RDS Segment to Interior Logic Group for $215 Million


Select Interior Concepts to Sell Its RDS Segment to Interior Logic Group for $215 Million
$215 million purchase price provides attractive valuation for RDS and to shareholders
Transforms balance sheet to debt-free, strong net cash position providing significant financial flexibility
Concentrates efforts on maximizing value in the stone and tile distribution market and expands margin profile
ATLANTA, May 09, 2021 (GLOBE NEWSWIRE) Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and distributor of interior building products, today announced that it has entered into a definitive agreement to sell its Residential Design Services segment (“RDS,”) in an all-cash transaction to Interior Logic Group (“ILG”), a portfolio company of Blackstone. The transaction is valued at approximately $215 million, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt ....

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