New Orleans investor buys Dallas' 1M-SF One Main PlaceNew Orleans investor buys Dallas' 1M-SF One Main Placehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47052014-03-07T11:43:00Z2014-03-07T07:02:00Z

DALLAS - The 32-story One Main Place at 1202 Main St. has been sold. The skyscraper, which is less than 50 percent leased, was purchased by New Orleans-based KFK Group.

Built in 1968, One Main Place has more than 1 million sf of office space. The new owners are expected to renovate the aging tower.

“We are very excited to be a part of the continued redevelopment of the historically office-based downtown Dallas area. Downtown now encompasses an amazing mix of arts, parks and residential buildings, transforming it into a live, work, play environment”, said Elie Khoury, CEO of KFK Group.

One Main Place is the latest in a string of sales of major downtown office buildings that encountered debt problems during the recession and were faced with foreclosure.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/03/new-orleans-buyer-buys-troubled-downtown-dallas-skyscraper.html/Read more at {Source}

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