NY invests $15M for Park Central in DallasNY invests $15M for Park Central in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80862013-02-28T07:53:00Z2013-02-28T00:00:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/category/real_estate/Read more at {Source}

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