The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 26, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



TEXAS/SOUTHWEST NEWS
Printer-friendly Version   Email an Associate
Office Building in Dallas’ Freeport Area Sells for $20 Mil

9/02/14

In a Dallas area investment buy from a month or so ago, a partnership of Stanton Road Capital LLC and Vancouver-based Second City Real Estate purchased a 159k sf office building at 3660 Regent Blvd, in the city’s Freeport submarket. The property was sold by Persis Corporation for about $20 mil ($126/sf) in an off-market deal.

Developed in 2000, the two-story property was originally a build-to-suit for Ford Motor Credit, which occupied 100% of the property until 2008. In 2009, the property was converted to a multi-tenant building and is currently occupied by four national tenants, including Ford Motor Credit, Aviall and MetLife. It was fully leased at the time of sale.

“We have closely tracked the absorption activity in the Freeport submarket over the past 12 months and found 3660 Regent to be well positioned on a go-forward basis due to its large floor plates, high parking ratio and its value-oriented price point,” said Tim Ronan, Founder and Managing Partner of SRC. “The property is very efficient and will continue to retain and attract high-density corporate users that are drawn to the Freeport market.”

The Dallas-based Cushman & Wakefield team of J.J. Leonard and John Fancher will serve as the leasing agents for the property. Cushman & Wakefield will also provide property management services for the building for the new ownership.






Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media