DALLAS – After repositioning the formerly distressed property, Hangover Opportunity Fund has divested of the Grapevine I office building. A California-based 1031 Exchange investor purchased the property for an unnamed sum after cold-calling to find out about investment opportunities in the area.

The 38,709-square-foot building is now fully occupied, after Academic Health Plans, leased the final remaining 14,258 square feet to serve as its headquarters. The lease deal was inked while sale negotiations were in the works.

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