Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Monday, August 12, 2013
Addison Office and Retail Project Sells at Foreclosure
Lenders have foreclosed on a large Addison office complex.
The 12-story, 300,000 square foot Greenhill Park offices on Midway Road was sold at foreclosure this week by Massachusetts Mutual Life Insurance.
In 2007, Mass Mutual made a $20 million loan on the office project, according to legal filings at Dallas County.
The 27-year-old office and retail buildings at 14131 Midway Rd. have been owned since 2006 by California-based Koll Co. and the Public Employee Retirement System of Idaho. They are located next door to Greenhill School.