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星空体育app下载 Announces Sale of 274,010-Square-Foot Office Asset in Downtown Dallas, Texas

Founders Square is one of Dallas鈥檚 longest operating office buildings

Founders Square Resized

March 2, 2023 9:30 AM

星空体育app下载 announces the sale of Founders Square, a 274,010-square-foot, seven-story office property located at 900 Jackson Street in downtown Dallas. 星空体育app下载 Vice Chairmen Gary Carr, Chris Murphy and Robert Hill and Director Chase Tagen represented the seller, Taiwanese investment firm Fidelity Commercial, in the sale to the buyer, Charter Holdings.

Built in 1914, Founders Square is one of the longest-operating office buildings in Dallas. The building, recognized with BOMA鈥檚 The Office Building of the Year (TOBY) award three times, features downtown views and an adjacent covered secure parking garage. Founders Square is within a few blocks of the AT&T Discovery District, the Omni Dallas Hotel, the ongoing redevelopment of the former Dallas Morning News campus and the Kay Bailey Hutchison Convention Center, which is adjacent to the site of a recently approved 2.5-million-square-foot convention center.

鈥淎s public-private partnerships continue to invest in the densification and reformation of Downtown Dallas, this transaction proves investor demand remains for well-located office properties in the CBD,鈥� said Carr. 鈥淲ith transformative mixed-use developments continuing pace and residential growth on the rise, there is value in having a downtown address. Our team is proud to be a part of this transition and especially grateful to have assisted our client and all parties in completing this transaction.鈥�

According to 星空体育app下载 Research, in the near term, a reduced construction pipeline in Dallas-Fort Worth (DFW) will lead to rent and occupancy increases in submarkets with premier office product, as the flight-to-quality persists and the supply of these assets become more constrained. The metro鈥檚 office market鈥檚 long-term outlook remains positive and competitive given DFW鈥檚 strong economic fundamentals, helping it surmount any near-term challenging macroeconomic landscape.

About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues of approximately $2.7 billion for the year ending December 31, 2022. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow .

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Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.