253,000-SF Downtown Dallas Belo Building sold253,000-SF Downtown Dallas Belo Building soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=27422014-10-20T13:43:00Z2014-10-20T00:00:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20141015-business-and-investment-group-buys-belo-building-with-plans-to-remodel.ece#commentsDivRead more at {Source}

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