DALLAS – Oaktree Capital Group has purchased two Oak Lawn office towers from a partnership between Quadrant Investment Properties LLC and Angelo, Gordon & Co.
Oaktree paid over $350 per sf for the towers, which are 80 percent leased and together total over half a million sf.
The high-rise Centrum building at Oak Lawn Ave. and Cedar Springs Rd. was purchased by the sellers in 2015. In 2016, the partnership acquired the 13-story Park Creek Place office tower next door.
Eastdil Secured marketed the properties. Cawley Partners, a partner in the transaction, will handle leasing and management of the buildings.
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