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GARLAND, TX-After a yearlong wait for a buyer and extended negotiations, Univision Communications Inc. has handed off its original headquarters and broadcast location in Dallas/Fort Worth to a local high-tech provider. The just-sold property consists of two buildings, totaling 14,300 sf, and an income-generating tower with four tenants.

DLT Networks Inc. has started retooling the 9,800-sf and 5,500-sf buildings at 3720 Marquis Dr. and 3710 Marquis Dr., respectively, for its headquarters and operations hub for a wireless business with broadcasting and Internet components. The stickling point in the talks was reaching a compromise over the value of the “vertical real estate,” Buddy Turner, senior vice president and industrial division director for Dillon Corporate Services/Cresa, tells GlobeSt.com. At its peak usage, the tower generated $100,000 annually in income, but that has dipped considerably, he explains of the hurdle that had to be overcome to get the deal to the closing table.

DLT Networks, now operating out of leased space at 10909 Sanden Dr. in Dallas, was just one of a couple offers that surfaced in the one year of marketing, according to Turner. “It was hard trying to find the right person to maximize Univision’s value on it,” he says.Turner says the Los Angeles-based Univision, which has a division in Teaneck, NJ as the owner of record, and the buyer took nearly four months to work out the details for the one-acre trade. The all-cash sale closed at “north of $899,000,” the deal’s lone broker says.

Univision acquired the properties in 1989. The larger building was used as a corporate headquarters and the smaller one for broadcasting.

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