The 12-story Crestview Tower in Las Colinas is just the latest in a growing trend. In December, Austin-based investor Capital Commercial acquired the 350,000-square-foot Exxon Mobil campus in Las Colinas. The Point at Las Colinas at 300 E. Carpenter Freeway in Irving sold less than a year ago.
Crestview Tower becomes the latest property to change hands in Las Colinas, a master-planned urban center in Irving, Texas. The Crestview Tower is located near State Highway 114 in Irving. The 12-story building includes almost 270,000 square feet of space and was built in 1982. At the time of its most recent sale, it was over 90% occupied.
Since 2014, the building has been owned by Austin investor CapRidge Partners. In 2014, real estate sources estimate the buyer paid more than $130 per square foot, or more than $34 million.
It’s been bought by an investment group that includes an affiliate of Dallas’ Reserve Capital Partners. Southside Bank provided funding for the transaction.
The post Las Colinas 12 Story Tower Sells Off to Reserve Capital Partners appeared first on Connect CRE.
The 12-story Crestview Tower in Las Colinas is just the latest in a growing trend. In December, Austin-based investor Capital Commercial acquired the 350,000-square-foot Exxon Mobil campus in Las Colinas. The Point at Las Colinas at 300 E. Carpenter Freeway in Irving sold less than a year ago. Crestview Tower becomes the latest property to change …
The post Las Colinas 12 Story Tower Sells Off to Reserve Capital Partners appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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