{"id":1004051535,"date":"2012-03-19T09:09:59","date_gmt":"2012-03-19T17:09:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=39834"},"modified":"2022-12-08T14:20:42","modified_gmt":"2022-12-08T22:20:42","slug":"granite-buys-class-a-office-property-in-uptown-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/granite-buys-class-a-office-property-in-uptown-dallas\/","title":{"rendered":"Granite Buys Class A Office Property in Uptown Dallas"},"content":{"rendered":"

\"\"<\/a>By Camelia Bulea, Associate Editor<\/p>\n

Granite Properties recently made an important acquisition in Uptown Dallas, with the purchase of Cedar Maple Plaza, an office property comprising three Class A buildings.<\/p>\n

The 120,000-square-foot property, built in 1985, is located across from the city\u2019s Crescent Hotel. The firm plans to continue common-area improvements started by the property\u2019s former owner, EOP\/Blackstone. Cedar Maple is currently 93 percent leased, with Wells Fargo as the lead tenant, according to Commercial Property Executive<\/a><\/em>.<\/p>\n

The buyer\u00a0considers Cedar Maple to be an excellent location for office leasing, according to the\u00a0Dallas Business Journal,\u00a0<\/em>as \u201cspace in Uptown is always in demand and one of the benefits of this acquisition is that it is a boutique building in an ideal location.\u201d The buyer was represented in house by director of investments Paul Bennett, while Holliday Fenoglio Fowler L.P. represented EOP\/Blackstone.<\/p>\n

In the past week, Granite Properties also purchased Plaza One Tower in Denver, a 22-story, 468,885-square-foot office property. The Class A property is currently 88 percent leased to tenants including TCF National Bank, ThyssenKrupp Robins and Merrill Lynch, according to\u00a0Commercial Property Executive<\/em>.<\/p>\n

Meanwhile, Dallas was home to another recent purchase: that of Trinity Palms, a 506-unit apartment complex. Neither the investor nor the sum was disclosed, according to the Dallas Business Journal,<\/em>\u00a0but the property was marketed for two weeks and attracted multiple bidders.\u00a0It totals 411,884 square feet and sits on 19.3 acres at 9690 Forest Lane.<\/p>\n

Photo credits: cedarmapleplaza.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Camelia Bulea, Associate Editor
\nGranite Properties recently made an important acquisition in Uptown Dallas, with the purchase of Cedar Maple Plaza, an office property comprising three Class A buildings.
\nThe 120,000-square-foot property, built in 1985, is located across from the city\u2019s Crescent Hotel. The firm plans to continue common-area improvements started by the property\u2019s former owner, […]<\/p>\n","protected":false},"author":271,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004051535","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"\nGranite Buys Class A Office Property in Uptown Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/granite-buys-class-a-office-property-in-uptown-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Buys Class A Office Property in Uptown Dallas\" \/>\n<meta property=\"og:description\" content=\"By Camelia Bulea, Associate Editor Granite Properties recently made an important acquisition in Uptown Dallas, with the purchase of Cedar Maple Plaza, an office property comprising three Class A buildings. 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