Friday, October 30, 2015

North Texas office duo changes hands

DALLAS (HFF) – ​​HFF has closed the sale of and arranged acquisition financing for The Meridian and The Belvedere​​​, two Class-A office buildings in Irving a​nd Addison.

Measuring 100,359 sf, the Meridian is at 1425 Greenway Dr. in the Las Colinas master-planned business and residential community adjacent to DFW International Airport in Irving. The six-story property is 90 percent leased.

The Belvedere, a 141,180-sf, nine-story building at 14881 Quorum Dr. in Addison along the Dallas North Tollway, is 79.8 percent leased. It offers access to all of the city's commercial centers including DFW International Airport, Love Field, Legacy Business Park and Preston Center.

HFF marketed the properties on behalf of the seller, Klabzuba Realty. CREA Investments was the buyer. 

Real Estate Center