Wednesday, August 08, 2012

Downtown Dallas 33 Story High-Rise Sells For $5.9 Million at Foreclosure Auction

Atlanta-based Cousins Properties has been a big player in North Texas for years.
And the investor and developer now has a downtown Dallas skyscraper in its portfolio.
A company set up by Cousins paid $59.7 million on Tuesday to buy the 2100 Ross Avenue office tower at foreclosure sale.
The 33-story high-rise was constructed in 1982 and has been owned by a New York investor since 2006.
The previous owners originally borrowed more than $70 million to buy the tower, located across the street from the Arts District.
Cousins Properties is a major player in Irving’s Las Colinas community. And the firm leases the big Lincoln Center office complex on the Dallas North Tollway at LBJ Freeway.

The 2100 Ross building was originally known as San Jacinto Tower. (DMN files)

Story by Steve Brown 
ugust 7, 2012