DALLAS-Brookwood Financial Partners has acquired Heritage Square I & II, a two-building, multi-tenant office property.
The 56%-occupied property contains 359,758 square feet and is located at the interchange of the Dallas North Tollway and Interstate Highway 635 (the LBJ Freeway), which is undergoing one of the most comprehensive transportation improvement projects in the United States.
This is the ninth property and the fourth in Texas that Massachusett's-based Brookwood has either acquired or put under contract in the last six months as it continues to execute successfully its value-add strategy of buying sound properties from distressed sellers for deep discounts in improving markets. Earlier this month it purchased a 10-story office building in Irving.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
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.
