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6/14/17
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A private investment group, Arbor Hui LLC, purchased Arbors at Brookhollow, a contemporary, 113.5k sf, Class A, office property in Arlington, TX. The multi-tenant building, located at 2201 E. Lamar Blvd, was sold by CRE Brookhollow LLC for an undisclosed price.
Arbors at Brookhollow was 76% leased at the time of sale to a diverse roster of tenants, anchored by investment-grade companies Xerox (Conduent) and Farmer’s Insurance. Built in 1999, Arbors at Brookhollow features underground parking and resides on a spacious 7.94-acre site in Arlington’s Entertainment District, home to the Texas Rangers’ Globe Life Park and the Dallas Cowboys’ AT&T Stadium, as well as an array of restaurants, retail centers and hotels. Several mixed-use developments are also underway in the surrounding area, including the $250 mil Texas Live! project that will feature a 100k sf entertainment complex and 300-room hotel adjacent to Globe Life Park.
Transwestern’s Mike Hardage and Matthew Otte negotiated the transaction on behalf of the seller.
“Arlington has seen an increasing amount of investor interest as the Dallas-Fort Worth metro continues to attract foreign and domestic capital,” said Hardage. “Arbors at Brookhollow presented a compelling opportunity to acquire an investment grade rent roll with future leasing upside.”
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