Two Dallas investors and developers will soon buy the city’s tallest tower and four downtown blocks to go with it if all goes according to plan.Mike Hoque of...
Two Dallas investors and developers will soon buy the city’s tallest tower and four downtown blocks to go with it if all goes according to plan.from current owner Metropolis Investment Holdings, a Chicago-based real estate firm that manages assets for a German family investment group.the deal is under contract and expected to close by March 2025. Ablon said the duo are subject to a confidentiality agreement and can’t disclose the price they may pay for the property.
The Dallas-Fort Worth office market has bottomed out, but it’s beginning to turn. The timing for Class A office space is “fantastic,” and this is a critical property, they said. The site could be an anchor piece for a booming financial district and a larger hub of business activity that could draw tenants over places like Boston and New York.in its tower. Its CEO, James Lee, raised $120 million from dozens of individual investors and big-time firms like BlackRock and Citadel Securities.
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