DALLAS - The 17-story Belo Building at 400 S. Record St. has been sold to an international business and investment group after being on the market for several months.
The 235,303-sf office tower was built in 1985 and previously housed the offices for Belo Corp. and other tenants.
Downtown real estate brokers say that the new owners plan a significant upgrade of the tower, which is just across the street from the Omni Dallas Hotel. They plan to consolidate workers from other locations — including outside Dallas — into the property.
The transaction includes a large parking lot across the street from the Omni on Young St. that is a potential development site.
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