NY invests $15M for Park Central in Dallas

DALLAS – The Class A, four-story, 239,000-sf 12404 Park Central building, located near LBJ Fwy. and US 75, has been sold for $15.4 million, or about $65 per sf.

The buyer, New York-based Red River Asset Management, plans to make interior upgrades to the building, which was constructed in 1987.

Creative firm MEplusYOU, the building’s largest tenant, has extended its 74,000-sf lease until 2020. Oaktree Capital Management LP was the seller.