{"id":1004193585,"date":"2017-10-12T00:36:01","date_gmt":"2017-10-12T08:36:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193585"},"modified":"2022-12-06T19:22:03","modified_gmt":"2022-12-07T03:22:03","slug":"boston-investor-buys-168-ksf-north-dallas-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-investor-buys-168-ksf-north-dallas-office-asset\/","title":{"rendered":"Boston Investor Buys 168 KSF North Dallas Office Asset"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004193586\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004193586\" data-attachment-id=\"1004193586\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boston-investor-buys-168-ksf-north-dallas-office-asset\/hillcrest-tower-in-dallas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg\" data-orig-size=\"1500,1125\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;Chrystal LeGrand&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1491509070&quot;,&quot;copyright&quot;:&quot;\\u00a92017 Chrystal LeGrand&quot;,&quot;focal_length&quot;:&quot;12&quot;,&quot;iso&quot;:&quot;640&quot;,&quot;shutter_speed&quot;:&quot;0.4&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hillcrest Tower in Dallas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hillcrest Tower in Dallas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg?w=1024\" class=\"wp-image-1004193586 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg\" alt=\"Hillcrest Tower in Dallas\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg 1500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hillcrest-Tower-in-Dallas-e1507730368748.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004193586\" class=\"wp-caption-text\">Hillcrest Tower in Dallas<\/p><\/div>\n<p>Albany Road Real Estate Partners acquired the Hillcrest Tower, a 168,000-square-foot office building in Dallas. At the time of sale, the property was more than 90 percent occupied.<\/p>\n<p>The 10-story asset is located at 12720 Hillcrest Road, minutes away from Interstate 635. The Class A building sits within walking distance of multiple restaurants and hotels, including Benihana and The Westin Dallas Park Central. Tenants at Hillcrest Tower include Crestview Real Estate, City Bank Mortgage and Phoenix Strategy Investments. Completed in 1981, the office asset underwent cosmetic renovation in 2014. The office tower also features more than 600 parking spaces and 1,300 square feet of retail space.<\/p>\n<p>CBRE\u2019s Eric Mackey, Gary Carr, John Alvarado, Evan Stone, Jared Chua and Robert Hill represented the undisclosed seller in the transaction. Earlier this month, Carr also brokered the sale of a 100,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/radler-snags-100-ksf-san-antonio-office-property\/\">San Antonio office property<\/a>.<\/p>\n<p><em>\u201cHillcrest Tower presented investors with the opportunity to acquire a recently renovated, stabilized asset along the resurging LBJ corridor,\u201d<\/em> Mackey said in a prepared statement. <em>\u201cWith the recently completed highway improvements, the area is poised for significant redevelopment.\u201d<\/em><\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Albany Road Real Estate Partners purchased the 10-story Hillcrest Tower. At the time of sale, the 168,189-square-foot property was less than 10 percent vacant. <\/p>\n","protected":false},"author":753,"featured_media":1004508299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742,21747],"tags":[35194,32789,37945,37946,37947],"class_list":["post-1004193585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-office","tag-albany-road-real-estate-partners","tag-cbre","tag-eric-mackey","tag-gary-carr","tag-john-alvarado"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boston Investor Buys 168 KSF North Dallas Office Asset - 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\/boston-investor-buys-168-ksf-north-dallas-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston Investor Buys 168 KSF North Dallas Office Asset\" \/>\n<meta property=\"og:description\" content=\"Albany Road Real Estate Partners purchased the 10-story Hillcrest Tower. 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