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In-Town, 11,381-SF Office Building Fetches About $1 Mil

DALLAS-A long-time owner of an in-town building near the historic Dr. Pepper site, now an upscale mixed-use development, snares close to his $1-million asking price for an 11,381-sf office building. A law firm takes the title and the owner's office in the sale.

By Connie Gore | Updated on October 05, 2001

DALLAS-A law firm has paid close to the $1-million asking price for an 11,381-sf, class A office building, situated at 5473 Blair Rd. in Dallas. The structure is positioned in a close-in section that has become a hotspot due to the nearby redevelopment of the former Dr. Pepper site, now an upscale mixed-use project, and the expanding Presbyterian Hospital.

Michael Franklin Terry of Dallas used the building as the main hub for a regional Terminex franchise, which he sold a few years back, says Jerry Reis of Property Advisers Realty Inc. The three-story building was on the market for six months before being sold to Terry S. Stanford of Dallas, Reis tells GlobeSt.com.

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