Thursday, April 19, 2012

High-rise overlooking deck park on the market

The 17-story Advancial Tower on Woodall Rodgers Freeway is for sale.

An Uptown office tower with a front row view of the new Klyde Warren Park is up for grabs.
The 17-story Advancial Tower at Woodall Rodgers Freeway and St. Paul Street has been listed for sale by investor Ray Washburne.
Washburne has owned the 148,000-square-foot office high-rise for more than a decade.
Now Holliday Fenoglio Fowler LP is marketing the building for sale.
The tower was built in 1984 and is almost fully leased.
“There seems to be a huge demand for quality office, and I have moved to the Highland Park Village,” Washburne said, explaining his decision to sell the building. “The park opening will be great.”
The 5.2-acre park built over the freeway is set to open this year and is already having a big effect on real estate in the area, property brokers say