Monday, August 27, 2012

Austin investor acquires Grand Prairie office project

An Austin-based property investor has purchased a Grand Prairie office building
Capital Commercial Investments bought the 6-story National Health Building at 1901 N. State Highway 360.
The multi-tenant building was construction in 1984 and contains about 100,000 square feet.
Major tenants in the project include the National Transportation Security Administration, National Health Corp. and FYI Television.
Capital Commercial bought the building from AIC Ventures.
Terms of the sale were not disclosed.
Creighton Stark and Ben Lurie with Colliers International negotiated the sale.
"We were able to produce a very competitive set of buyers and far surpassed our client’s pricing expectations,” Stark in a statement.
Capital Commercial Investments who owns and manages more than 8 million square feet of office and industrial properties nationwide.
In the Dalals area, the investor has the Campbell Center complex on North Central Expressway, the Oilwell Supply building downtown and several other office projects.


Real Estate Editor

Dallas Morning News