Tuesday, November 26, 2013

Downtown Dallas skyscraper owner buys nearby garage

The garage is less than a block from Thanksgiving Tower. (DMN files)

A partnership set up by Thanksgiving Tower owner Woods Capital has completed its purchase of an 11-story parking garage at 1511 Elm Street in downtown Dallas.

The garage is less than a block from Thanksgiving Tower and will be used to add to parking at the skyscraper, which Dallas-based Woods Capital bought in July in partnership with Third Point Opportunities Master Fund of New York.

Woods Capital is in talks with a major tenant for the 50-story high-rise, Santander Consumer USA. The deal could bring as many as 1,000 workers downtown.

For the rest of the article: http://bizbeatblog.dallasnews.com/author/sbrown/

By Steve Brown

stevebrown@dallasnews.com