DALLAS--Energy Square, a three-building, 948,678-square-foot, class A office project in north central Dallas, has been sold.
Purchased by a partnership between GlenStar Properties and USAA Real Estate Co., the new ownership was assisted in securing floating-rate financing through Wells Fargo Bank by HFF; the firm also closed the sale.
HFF marketed the property on behalf of the sellers, Lincoln Property Co., Champion Partners and Long Wharf Real Estate Partners. Reps for HFF could not offer additional comments about the transaction.
Energy Square consists of a 10.3-acre site containing three buildings, One, Two and Three Energy Square, plus an approximately one-acre development site zoned for mixed-use development. Recently renovated, the LEED Gold and Energy Star-rated properties feature a fitness center, three conference centers, multiple food service options, Grub Burger Bar restaurant, an outdoor plaza featuring seating and putting greens and direct access to the DART Light Rail.
Energy Square is 82 percent leased to tenants including New York Life Insurance Co., Davaco and Advanced Homecare. Located at 4925 and 4849 Greenville Ave. and 6688 N. Central Expressway, Energy Square is just off the North Central Expressway near Southern Methodist University north of downtown Dallas.
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