Goddard's 1M SF-Plus Run Hits Bull's Eye

[IMGCAP(1)]DALLAS-With investment capital circling value-add deals, Goddard Investment Group and two partners are seizing the timing in the market to sell 1.09 million sf of mostly class A office space. The properties, assessed at roughly $110 million, have separate brokers and dynamics, but the common ground is value-add in one form or another.

“These assets we, along with our partners, have decided to take to market because we think the value has been created and the time has come to sell,” Bill Deyo, principal of Atlanta-based Goddard Investment, tells GlobeSt.com. Goddard owns an additional one million sf or slightly more in Dallas, but the listed properties are the only ones that Deyo says will be up for sale this year.

A June 6 call for offers is set for the 232,541-sf Crossings I at 5429 LBJ Frwy. and the 296,587-sf Crossings II at 5501 LBJ Frwy., the only class B in the stack. The class A Crossings I is assessed at $24.4 million and the class B is $19.2 million. Jones Lang LaSalle managing directors John C. Alvarado, Jack Crews and Evan Stone along with senior associate Seth Bame are heading up the sales campaign.