Tuesday, November 26, 2013

North Dallas office towers up for grabs

Both of the towers for sale were built in the 1980s. (HFF)

A New Mexico-based investor who bought two North Dallas office towers during the recession is ready to cash out of the deals.

Rosemont Realty purchased the 17-story 8080 Central tower and the 16-story 9400 NCX office highrise in early 2011. The buildings were acquired from Younan Properties.

Since then the Santa Fe-based investor has made upgrades and increased occupancy in the two buildings, which are located on North Central Expressway near Loop 12.

The 8080 tower is more than 92 percent leased and 9400 NCX has about 60 percent occupancy. BBVA Compass Bank and HealthTexas are major tenants in the properties.

For the rest of the article: http://bizbeatblog.dallasnews.com/author/sbrown/page/2/

By Steve Brown