Thursday, October 20, 2016

Dallas Investor Buys North Central Expressway Office Building

A Dallas family investor has purchased a North Central Expressway office building.
Embrey Interests acquired the 4228 North Central building near U.S. Highway 75 and Fitzhugh Avenue.
The four-story, 52,727-square-foot building was constructed in 2000 and recently renovated.
The building is 90 percent occupied by a dozen tenants.
"As a long-term holder, the stability of the 4228 North Central rent roll fits perfectly with the buyer's investment strategy, " Beth Lambert, Cushman & Wakefield executive managing director, said in a statement.
Lambert and Cushman & Wakefield colleague Diego Arroyave brokered the sale.
Written by Steve Brown - Dallas Morning News