Thursday, November 14, 2013

Office tower sells in Dallas’ Knox Street district for $31.35 million

Investor KBS Realty Advisors has purchased an office tower in Dallas’ popular Knox Street district.

KBS bought the 17-story, silver-glass Highland Park Place office building at 4514 Cole Avenue. The
building contains 164,011 square feet and has a 7-level parking garage.

CBRE Group’s Gary Carr, John Alvarado and Eric Macky negotiated the sale by the former owner, a unit of Heitman Financial.

The tower – built in 1983 – is almost 84 percent leased. Tenants include the Law Office of Frank L. Branson and the corporate headquarters for Dickey’s Barbecue Pit.

For the rest of the article:

By Steve Brown

The Highland Park Place tower is a block south of Knox Street. (CBRE)