January 19, 2022 3:30 PM
星空体育app下载 announces the sale of One Preston Centre, a 76,741-square-foot office tower in Dallas鈥� coveted Preston Center. 星空体育app下载 Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Chase Tagen represented the seller.
Located at 8222 Douglas Avenue, One Preston Centre is within a 10-minute walk of some of Dallas’ most exclusive shops and restaurants. The office building is 88% leased to a base of long-tenured tenants that includes a significant healthcare presence.
鈥淕iven the limited amount of investment opportunities in this high barrier-to-entry submarket, we saw tremendous investor appetite from local and institutional capital alike,鈥� said Murphy. 鈥淧reston Center will continue to be the investor and tenant submarket of choice given a confluence of factors, namely its position among the city鈥檚 most influential residential neighborhoods and ease of access offered by its proximity to the Tollway.鈥�
The buyer is a newly formed partnership that includes an affiliate of local investor Pillar Commercial. Houston-based Community Bank of Texas is providing the senior debt financing on the acquisition.
Preston Center is a pedestrian-friendly district featuring a premier collection of boutiques and restaurants. The adjacent affluent residential neighborhoods boast the strongest demographics and the most significant concentration of wealth across North Texas.
Easily accessible via the Dallas North Tollway and Northwest Highway, the property is within 10 minutes of Dallas Love Field and 20 minutes of Dallas/Fort Worth International Airport.
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 in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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