Search
 

Argus, Billingsley Close $130M-Plus Office Deal

CARROLLTON, TX-Argus takes 801,142 sf in seven buildings at Billingley's International Business Park. The deal includes a preferred equity stake from the seller and an eighth building.

By Connie Gore | Updated on September 28, 2007

CARROLLTON, TX-Argus Realty Investors LP has closed on one of this summer’s most closely watched deals, paying in excess of $130 million for 801,142 sf of net rentable space in a seven-building buy of International Business Park in Far North Dallas. The deal includes a preferred equity stake from the seller and title to an eighth building in the coming months.

The San Clemente, CA-based Argus Realty was one of four would-be buyers who made the best and final for Billingsley Co.’s prized office park. Argus’ class A portfolio sits on 50 of the park’s 300 acres, which are planned for five million sf of office space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.