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Private Sector Office Investors Are Looking to Buy

In the current COVID climate, Colliers’ Cody Payne says private sector investors are still active and looking to buy, adding that low interest rates have activated many investors from a wide variety of areas.

White Rock Tower White Rock Tower is located at 6510 Abrams Rd. in the White Rock submarket of Dallas.

DALLAS—White Rock Tower, a class-B office building, recently sold to a private capital investor for an undisclosed price. The seller was also a private investor.

“This building is a very heavy tenant-based building, more than most for the square footage with over 70 suites in the building, so very management intensive,” Cody Payne, senior vice president, capital markets group of Colliers International, tells GlobeSt.com. “We generated over 10 offers on the building and had it under contract very quickly.”

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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