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Kolter Wraps Up Portfolio Sale

DALLAS-The Canadian-based Kolter sells the 162,346-sf Meadows Building and 62,492-sf Alpha Building to local partnership, led by Ken Bruder of the Bruder Co. Yesterday's closing ends a yearlong disposition of eight Dallas deeds.

By Connie Gore | Updated on December 24, 2003

DALLAS-The Canadian-based Kolter Corp. yesterday sold the last two buildings out of eight brought to market at the beginning of the year to a Dallas private partnership, GlobeSt.com has learned.

Ken Bruder of the Bruder Co. in Dallas is the lead player in the investment group acquiring the 162,346-sf Meadows Building at 5646 Milton St. and 62,492-sf Alpha Building at 5339 Alpha Rd. Due to the holiday, the selling price wasn’t available nor was the buyer. The assets have a combined assessment of $9.1 million.

The Kolter portfolio was marketed by a team in the Dallas office of Holliday Fenoglio Fowler. In May, the Chicago-based Transwestern Investment Co. bought the 908,588-sf Energy Square, reportedly paying in the mid-$65-million range for the divvied up portfolio. That same month, Younan Properties Inc. of North Hollywood, CA paid $18 million for the 303,720-sf Graystone Center. A month later, a pair of Northpark East office buildings sold for an undisclosed amount.

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