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星空体育app下载 Announces Sale of Crestview Tower, a 262,962-Square-Foot Office Asset in Las Colinas, Texas

The Class A property, located along the John Carpenter Freeway, offers a renovated, best-in-class amenity package

Crestview Tower Resized

February 28, 2023 9:30 AM

星空体育app下载 announces the sale of Crestview Tower, a 262,962-square-foot, Class A office property in the heart of Las Colinas, Texas. 星空体育app下载 Vice Chairmen Robert Hill, Chris Murphy, Gary Carr and Director Chase Tagen represented the seller, CapRidge Partners, in the sale.

Crestview Tower is conveniently located along John Carpenter Freeway, adjacent to the core of Las Colinas鈥� urban center, offering premier visibility and accessibility to the highly traversed corridor. The 12-story office building on an expansive 10.1-acre site underwent major renovations in 2015. The property鈥檚 community amenities include a conference center, fitness center and locker rooms, tenant lounge and outdoor green space.

鈥淚n the face of macroeconomic headwinds, this transaction signals the strength of Dallas/Fort Worth鈥檚 capital markets and private capital鈥檚 continued appetite for high-quality real estate in Dallas鈥� most prominent submarkets,鈥� said Hill. 鈥淥ur team is especially proud to have assisted our client and all parties in completing this transaction.鈥�

Crestview Tower is 78 percent leased to a diverse base of tenants, with over three and a half years of remaining lease term. The property will continue to benefit from the neighboring development, specifically Wells Fargo and Christus Health鈥檚 future offices.

About CapRidge Partners
CapRidge Partners (鈥淐apRidge鈥�) is a vertically integrated investment management company with decades of experience as both a local operator and an institutional investor. Their strategy is to acquire well-located office and flex/light industrial assets in nine select U.S. markets. They target assets that offer opportunities to add value by providing proactive management, delivering enhanced customer service and wellness amenities, leasing to stabilized occupancies, marking-to-market expiring leases, and completing capital projects. Since 2012, CapRidge has acquired 81 office and flex/light industrial buildings.

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.