Dallas (Dallas County) – Mujeres Banderas III, a long-time real estate partnership comprised primarily of CREW members in Dallas and San Francisco, recently closed on the sale of a 16,000-square-foot warehouse property in Southern Dallas.
Located on Duncanville Road, the property was owned by Mujeres Banderas for more than 10 years It is the last real estate asset owned by the Mujeres Banderas partnerships.
“As president of the general partner, Mujeres Empresarias, Inc. it was amazing to experience the respect, trust, support, and friendship the partners had for each other over the years.” said Eliza Solender, president of Solender/Hall. “Whenever help was needed, a Banderas provided her expertise. It was a truly unique opportunity and it would not have been possible if we had not been members of CREW.”
The partners involved in the Duncanville Road property included CREW Dallas members Diane Butler, Kathy Mulgrew, Irene Hosford, Catherine Howell, Michelle Hudson, Janice Peters, Eliza Solender, Lorraine Teel and Kathy Treat. A group of CREW San Francisco members who formed a partnership, Athena Duncanville Investors, LLC also invested with the group.
The Mujeres Banderas partnerships were comprised of a diverse group of Dallas Commercial Real Estate Women (CREW) members who met in the Spring of 2001 to discuss a way to use their collective commercial real estate expertise, to invest in real estate, increase their knowledge base, achieve career independence, and enhance CREW relationships.
Over the years, various Mujeres Banderas partnerships owned three warehouses and served as a lender on property in the Bishop Arts area in Dallas. In 2007, Mujeres Banderas won the CREW Network Deal of the Year Award for its work.
Mujeres Empresarias, Inc. (women business owners) is a corporation formed to manage properties and partnerships and is owned by Eliza Solender and Lorraine Teel. Solender serves as President, and there is a board of directors composed of Solender, Teel, Michelle Hudson and Diane Butler.
CREW Dallas is a not for profit professional association of commercial real estate professionals affiliated nationally through membership in CREW Network, providing opportunities for networking, education, leadership development and civic philanthropic involvement. Respected by industry leaders since 1980, the organization today boasts 350 influential commercial real estate professionals throughout the North Texas region. CREW Dallas is focused on advancing the success of women in commercial real estate while positively impacting the industry and community. For more information, visit www.crew-dallas.org.
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