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Four historic buildings in Dallas West End hit the market
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Dallas and Oklahoma investors joint venture on Allen office buy Steve Brown, The Dallas Morning News
Investors have snapped up a high-profile Allen office project.
Dallas-based Pillar Commercial teamed up with Oklahoma-based Hall Capital to purchase the One Bethany East office building, which is located in the Watters Creek development near U.S. Highway 75.
Built in 2018, the five-story, 120,000-square-foot office building has been up for sale since last fall.
It’s next to Allen’s new Watters Creek convention center.
“One Bethany East is a premier Class A office project with strong tenancy,” Manny Ybarra, Founder and CEO of Pillar Commercial, said in a statement. “It is representative of the City of Allen’s impressive work to grow its corporate tax base with high-quality office and mixed-use developments.”
Dallas and Oklahoma investors team up on Allen office buy
The One Bethany East office building is near U.S. 75.
The One Bethany East building is home to Credit Union of Texas and other tenants.(Pillar Commercial )
Investors have snapped up a high-profile Allen office project.
Dallas-based Pillar Commercial teamed up with Oklahoma-based Hall Capital to purchase the One Bethany East office building in the Watters Creek development near U.S. Highway 75.
Built in 2018, the five-story, 120,000-square-foot office building has been up for sale since last fall.
It’s next to Allen’s new Watters Creek convention center.
“One Bethany East is a premier Class A office project with strong tenancy,” Manny Ybarra, founder and CEO of Pillar Commercial, said in a statement. “It is representative of the city of Allen’s impressive work to grow its corporate tax base with high-quality office and mixed-use developments.”
Cawley Partners takes another building in Las Colinas
Purchase is the commercial property firm’s second buy this week.
The Westpoint I office building in Irving was built in 1997.(Cawley Partners )
Dallas-based commercial property developer and investor Cawley Partners has made its second major office acquisition this week.
Cawley Partners teamed up with Canada-based Balfour Pacific Capital to buy the Westpoint I office building in Las Colinas.
The six-story, 150,000-square-foot building is at 1255 Corporate Drive in Irving.
The new owners are planning to renovate the building, which was constructed near DFW International Airport in 1997.
“Westpoint I ticks many boxes for us,” Mark Scott, Balfour Pacific’s managing partner, said in a statement. “It’s a stabilized property anchored by investment-grade credit, but with value-add characteristics and significant upside.”
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