The buildings on North Central Expy. at University Blvd. total about 960,000 sf and include land that could accommodate additional high-rise development.
The seller, a partnership of Champion Partners, Lincoln Property Co. and Long Wharf Partners, had owned the buildings since 2011. Starting in 2012 they spent over $9 million on upgrades.
The new owners plan additional upgrades to the property that will further integrate the office space with retail and potentially an apartment building.
HFF brokered the sale. JLL has been hired by the new owners to lease the buildings.
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