Sep 11, 2015
Dallas’ Skillman Live Oak Center sells to Canadian company
EAST DALLAS - Sun Life Assurance Co. of Canada has purchased Skillman Live Oak Center, a 75,201-sf retail center located at the intersection of La Vista Dr. and Skillman and Live...
EAST DALLAS – Sun Life Assurance Co. of Canada has purchased Skillman Live Oak Center, a 75,201-sf retail center located at the intersection of La Vista Dr. and Skillman and Live Oak streets in the Lakewood submarket of Dallas.
The 65-year-old center originally was acquired by Stonelake in 2011 from four separate owners. Stonelake extensively renovated and repositioned the property, which has 11 new tenants.
Today, the center is almost 90 percent occupied and features eateries like Chip’s Old Fashioned Hamburgers, Matt’s El Rancho and Buzzbrews.
Canadian developers built a half-dozen of downtown’s office skyscrapers. They developed whole neighborhoods in the suburbs.
According to the Dallas Morning News, in recent months, they’ve ramped up purchases in North Texas, including:
The 13-story Waterway Tower in Las Colinas, a 33-year-old building in Irving, was also acquired by Sun Life Assurance.
3660 Regent Boulevard in Irving, an office campus south of LBJ Freeway, was acquired by Second City Capital Partners of Vancouver. Second City is also part of the group buying the 45-story Ross Tower in downtown.
1700 Pacific, a 49-story downtown skyscraper, was purchased by Montreal-based Olymbec Group.
The Amalfi Stonebriar apartments in Frisco, a 395-unit luxury complex, was purchased by Pure Multi-Family REIT LP of Vancouver.
Running Brook, a 232-unit apartment complex in Arlington, sold to Toronto-based Marlin Spring US Realty, the company’s first acquisition in the area. CBRE arranged the deal.
Also see the Dallas Morning News
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