Largest UT Dorm Changes Hands

HFF brokered the transaction.

Dobie Center, which has been owned by a Carlton Group affiliate since 2005, was built in 1972 and consists of a 27-story, glass-and-steel tower along with a 90,000-sf retail mall and a six-story, 250,000-sf garage. At the time of its completion, it was the city’s tallest building.

It was modernized in the early 1990s, and Dobie Associates undertook a further series of renovations in 2014.

Dobie Center is across the street from the UT campus, opposite the new 458,000-sf McComb’s Business School. Regus Business Centers is also opening a new 13,000-sf office suite facility within the center that will cater to athletic and technology companies that do business with the university.