DALLAS-Elm Place, a 52-story office complex spanning 1,293,586 square feet at 1401 Elm Street in the central business district of Dallas, has changed hands for $19 million. A group of investors from Eastern European, who recently bought the property from SCI ROEV and LNR Partners, will spend $125 million to redevelop the property.
The $125-million redevelopment project will turn the vacant property into an office, retail and residential building. Colliers brokered the Elm Place deal. For the full story, go to Dallas Business Journal .
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