Oct 17, 2016
Dallas 50,000-SF boutique office building ‘off-market’
DALLAS - Embrey Interests has acquired a North Central Expressway boutique office building in a 1031 exchange deal after recently selling Park Creek Place in the Turtle Creek neighborhood.The four-story,...
DALLAS – Embrey Interests has acquired a North Central Expressway boutique office building in a 1031 exchange deal after recently selling Park Creek Place in the Turtle Creek neighborhood.
The four-story, 52,717-sf office building at 4228 North Central Expressway was 90 percent leased at the time of the building sale.
The 16-year-old office building was recently renovated by former owner Dallas-based Caddo Holdings, which brought in a tenant lounge, kitchen and game room for companies at the address.
The North Central Expressway corridor has become a hot office market as companies look for cheaper alternatives to hot submarkets, such as Uptown and Preston Center.
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