Dallas’ 240,000-SF Granite Tower draws California investor

DALLAS – The ten-story Granite Tower on Valley View Lane at LBJ Fwy. has been purchased by California-based Buchanan Street Partners.

The 240,000-sf Granite tower was built in 1999.

Construction to expand the freeway has been underway for several years and until recently slowed office leasing and investment in the area, but building buyers and office tenants are returning to the market now that the expansion is more than half complete.

Last year the LBJ Fwy. corridor had more suburban net office leasing than any other Dallas-area business district.