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.
Read more at: Dallas News
Author: Steve Brown