HURST – A Dallas-based buyer has acquired Norwood Plaza at 1550 Norwood Dr.
Built in 1985 and renovated in 2019, the property consists of two single-story, Class B, garden-style office buildings.
The asset was swapped in a 1031 exchange with the Bonita Garden Apartments.
At the time of sale, Norwood Plaza was 100 percent leased with 27 tenants.
Colliers International brokered the sale.
The Texas Real Estate Research Center has more on DFW real estate news:
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.