DALLAS—Red River Asset Management LLC, of New York has purcahsed 12404 Park Central, a 239,000-square-foot office building near North Central Expressway and LBJ Freeway.
The buyer bought the property for $15.4 million from Oaktree Capital last week, according to the Dallas Business Journal. The Journal says the former Steak and Ale corporate headquarters is appraised at $17.7 million.
The four-story Park Central office building has large floorplates of about 70,000 square feet, which is unusual in an office building, he told the Dallas Business Journal. The building was originally constructed as the headquarters for Steak and Ale in 1987. It sits on a lake with trees and a walking path.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
