1. IMPERIUM: Flips Land | Sonic Coming Soon to Argyle
DALLAS, May 8, 2006 – Imperium sold a portion of the northeast corner of Interstate 35W and FM 407 in Argyle,
Texas, to Sonic in May, 2006 (www.MorrillCrossingOfArgyle.com).
Imperium’s sale was a simultaneous closing, bought and sold by Imperium on the same day, with the only financial
exposure being $1,000 of earnest money in contract for 90 days.
Imperium retained 1.59 acres of the 2.39-acre acquisition; Sonic purchased 35,000 square feet north of the corner.
Imperium plans to ground lease the corner as the market matures within the next decade.
The Argyle area has over 40,000 homes planned, on the ground, or under construction, and is and will be the fastest
growing area of Denton County for the next 20 to 30 years.
This northeast corner is the only property with access via service road on Interstate 35W for seven miles north and
seven miles south.
The absence of service roads along the interstate prevent commercial development from locating elsewhere.
“This property is a market monopoly. Where else can national retailers go? Nowhere, other than this property. We
control 100% of the vehicular-accessible properties along the interstate within this trade area. National retailers will
have to pay big to be here,” said Stephen Schattner, Imperium president.
Imperium’s sale to Sonic represents the highest known unit sale price for land in the Town of Argyle to date.
It is Imperium’s second sale to Sonic within the last 12 months.
This is also Imperium’s second acquisition of property within the Town of Argyle, with the other location being the
26 acres on the northeast corner of US 377 and County Club.
US 377 also has similar accessibility issues: the Texas and Pacific Railroad aligns adjacent to US 377 cutting off
vehicular access to the west side of US 377.
Due to restricted access along Interstate 35W and US 377, Imperium now controls the majority of marketable
commercial corners in the Town of Argyle.
In under 90 days, Imperium:
 Remained debt-free: acquired the asset in an all-cash transaction
 Attained 11,375% ROI (attained within the 90-day contract period for the Sonic transaction)
 Attained 422,224,324% IRR (based on the earnest money exposure for 90 days)
 Successfully negotiated utility easements with the city and private water company at no cost

2.  Successfully reverted the 1.59-acre corner property back into agricultural exemption, decreasing the tax
liability by more than 99%
 Successfully defended inverse easement condemnation on the corner against a regional water supplier
resulting in an additional $80,000 of proceeds to Imperium’s partners without affecting any aspect of the
corner property or losing any portion of land area
 Secured a TXDOT driveway permit on the Sonic property through forceful persistence after initially being
denied
 Completed entitlement of the property including reciprocal access
 Maintained asset and property management at no cost
Comparatively, investment of similar risk (reinvested 10-year treasury return over same period) attained -3.6% IRR
or -13.7% ROI.
About Imperium: Imperium is a diversified holding company with focus in real estate investment; real estate and
A/E/C-related services; and agriculture. Over the past five years, Imperium has remained debt-free, and for every asset
acquired, has returned profitability or increased investment value.
For more information, contact: Stephen Schattner | sschattner@imperium-holdings.com | 972.385.1907 ext. 301 |
2101 Cedar Springs Road, Suite 1050, Dallas, TX 75201
website: www.imperium-holdings.com