Dallas' historic Adolphus Tower sold for office, restaurantsDallas' historic Adolphus Tower sold for office, restaurantshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=20382015-01-12T07:08:00Z2015-01-09T00:00:00Z

DALLAS - The 27-story Adolphus Tower on Main St. has been sold with plans to redevelop the building into first-class offices and restaurant space.

The 181,000-sf, 60-year-old office tower is about 70 percent leased to a variety of businesses and retailers. Major tenants include Which Wich’s corporate headquarters, the State of Texas, the Berry Law Firm, the Mathis & Donheiser Law Firm and consulting firm Litzler, Segner, Shaw & McKenney.

The new owners plan to give the high-rise a fresh exterior and rebuild the ground floor for restaurant and retail tenants. Construction will start within three months.

FAQ Capital bought the tower from a partnership set up by Henry S. Miller Co., which had owned the building since 2005.

It was touted as “the most modern office building in the Southwest” when it opened in January 1955.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/20150106-dallas-restaurateur-buys-downtown-high-rise-with-plans-for-new-development.eceRead more at {Source}

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