DALLAS—An unnamed group of investors bought Alliance Commerce Center 14, a two-story, 72,772-square-foot office building in the AllianceTexas master-planned development.
The sale included the five-acre site, with 289 surface parking spaces. The property is 100 percent leased, said the Dallas Business Journal.
Gary Carr, Eric Mackey, John Alvarado andRobert Hill of CBRE represented the seller, a group of institutional investors advised by J.P. Morgan Asset Management.
The investors were attracted to the property's quality construction, stable cash flow and the strong fundamentals of the AllianceTexas location, said Mackey, a senior vice president at CBRE.
Fort Worth-based Hillwood Properties is the developer of the master-planned development.
Click Dallas Business Journal to read the full story.
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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.
