Thursday, December 01, 2016

One of Downtown Dallas' Largest Skyscrapers Is Up for Grabs

Renaissance Tower has more than 1.7 million square feet. (File Photo)

One of downtown Dallas' largest skyscrapers has just hit the market.
The 56-story Renaissance Tower on Elm Street has about 1.7 million square feet. The tower is a standout on the Dallas skyline, with its X-shaped exterior lighting and lighted towers on the roof.
It's owned by a New York-based investor who has hired commercial real estate firm CBRE to market the high-rise to potential buyers.
Moinian Group with SMA Equities bought Renaissance Tower in 2006 for more than $150 million.
The 42-year-old Renaissance Tower is one of downtown's last skyscrapers yet to receive a major makeover. Most of the older buildings in Dallas' central business district have gotten major renovations in recent years.
Several of downtown's largest office buildings have changed hands in the last couple of years.
Earlier this year, the 55-story Chase Tower on Ross Avenue sold for about $285 million to Fortis Property Group of New York.
Written by Steve Brown - Dallas Morning News