100 E. Royal Lane in Irving sold because…

IRVING – The 94 percent leased 100 E. Royal Lane has been sold by Austin seller Capital Commercial Investments Inc. “100 East Royal is home to Fox Sports Net Southwest’s studios, and also houses offices for AT&T Services, Advancial Federal Credit Union, TWG Insurance and CRM Studios,” said CBRE’s Eric Mackey.

Situated on a 15.2-acre site at the corner of Royal Ln. and Colwell Blvd., the building includes a three-story, 95,729-sf office wing and a two-story 50,809-sf telecom/studio wing.

Investors were attracted to the 146,538-sf building’s location, quality, and roster of stable, long-term tenants.

According to the Dallas Central Appraisal District assesses the property at just over $10 million. The asset received significant capital improvements beginning in 2010.

The buyer, Westdale Real Estate Investment and Management, is based in Dallas.

Read more at D Magazine and GlobeSt.com