DALLAS—CBRE has concluded the sale of 1700 Pacific, a class A office tower in the Dallas Central Business District. Quebec, Canada-based Olymbec Group acquired the asset for an undisclosed price.
The 49-story office tower has 1.3 million square feet, three levels of on-site parking and an off-site parking garage connected via enclosed sky bridges. The property also includes concourse-level retail.
CBRE's John Alvarado, Gary Carr, Eric Mackey, and Robert Hill arranged the transaction on behalf of the seller, Berkeley Investments, Inc. Berkeley paid $98 million for the building in 2005.
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.