DALLAS - The 205,000-sf LBJ Tower at 8390 LBJ Fwy. near US 75 has been sold. The new owners plan to spend about $1.6 million in improvements on the property, which is about half occupied.
A local investment group purchased the property from Houston-based Millennium First Development, which had owned the building since 2010.
The LBJ Tower is just the latest in a series of office sales along I-635. With reconstruction on the highway more than halfway completed, investors are snapping up buildings along the major thoroughfare.
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