DALLAS – Plano-based Granite Properties has purchased a 13-story office tower in the Preston Center neighborhood.
The 163,861-sf Class A office building at 8235 Douglas Ave. will be rebranded as The Douglas.
The 37-year-old tower underwent a $3 million interior renovation in 2015, including cosmetic upgrades to restrooms, lobbies, elevators, and common area windows. It also received an additional $1.5 million in system upgrades that included elevators, cooling tower, and roof.
Eastdil Secured represented the seller, Transwestern Investment Group.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.