{"id":1004549728,"date":"2021-09-17T01:31:00","date_gmt":"2021-09-17T09:31:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004549728"},"modified":"2022-12-08T10:59:23","modified_gmt":"2022-12-08T18:59:23","slug":"dallas-fort-worth-market-update-investments-continue-to-soar","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-investments-continue-to-soar\/","title":{"rendered":"Dallas-Fort Worth Market Update: Investments Continue to Soar"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004545005\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-market-update-slow-and-steady-development-progress\/market-update-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" data-orig-size=\"1200,930\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Patricia Todoran&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497549143&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Market-Update-resized\" data-image-description=\"&lt;p&gt;Office Sales Update Q2&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=1024\" class=\"alignright wp-image-1004545005 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=1024,794 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>July was an active month for Dallas-Fort Worth\u2019s office market as <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-markets-for-office-transactions-2\/\">investments continued to soar<\/a>. According to CommercialEdge data, 13 properties totaling 1,904,648 square feet changed hands across the Metroplex, a 58.8 percent uptick in space traded month-over-month. When compared to July 2020, the value indicates a growth of 162 percent year-over-year, as only 726,862 square feet had traded in the metro at the time.<\/p>\n<p>While most transactions involved traditional and flex office space, four deals totaling 211,572 square feet featured medical office properties. Same as in June, investors prioritized Class B\/C properties, with only two Class A\/A+ assets in the transaction mix. Suburban properties were the most sought-after, as 11 assets totaling 520,730 square feet changed hands in July.<\/p>\n<p>The largest transacted property was the subject of a foreclosure sale. The 40-story, 1.1 million-square-foot Bryan Tower, a landmark of Dallas\u2019 CBD, was sold at an auction as Midland Loan Services, acting as trustee on behalf of Wells Fargo Bank, foreclosed on a $70 million CMBS loan that matured in October. Completed in 1973, the building was one of the first modern reflective glass high-rises in Dallas.<\/p>\n<p>The largest asset to change hands in a suburban market was McKinney Corporate Center I at Craig Ranch in McKinney. VanTrust Real Estate sold the 120,349-square-foot, Class A property to Orangestar Property Advisors, which used a $19.2 million note from Veritex Community Bank to finance the deal.<\/p>\n<p><em>CommercialEdge covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report-2021-august\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the July weather heated up, so did transactions.<\/p>\n","protected":false},"author":870,"featured_media":1004546923,"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":[51047,50674],"class_list":["post-1004549728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"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>Dallas-Fort Worth Market Update: Investments Continue to Soar - 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