July 2, 2008
The Silver Group completes the Sale of a Wachovia Bank in Houston, Texas

Barry Silver just sold an un-subordinated ground lease, under a Wachovia Bank, in northwest Houston, Texas. Wachovia built and owns the improvements while paying the investor NNN rent for a minimum of 15 years. The site is along Highway 290 and is in front of a Lowe's Home Improvement store. The local investor was looking for a Houston based, passive investment.

Wachovia is the nation's 4th largest financial institution. Wachovia Corporation has an AA- credit rating and $808 billion in assets.

*The Silver Group represented both parties in this transaction.*

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