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Four DFW Office Buildings Up for Grabs in Package Deal

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Big Office Offering Includes Houston Property

The trickle of commercial properties coming back on the market in North Texas is turning into a flood.

Colliers International has just listed four Dallas-Fort Worth area office buildings for sale as part of a more than 600,000-square-foot package deal. A suburban Houston building is also included in the offering. The North Texas offerings include the Crosspoint Atrium office building at LBJ Freeway and U.S. Highway 75.

The Brookhollow Riverside in Grand Prairie and the Highlands Tower in Arlington are also up for grabs. In Bedford, the 3301 Airport Freeway office is included in the listing.

“They are a package deal,” said Colliers International’s Creighton Stark. Stark and Colliers' Chris Boyd, Mark Meador, Madeleine Aufricht and Johanna Ramirez are marketing the portfolio of buildings for sale.

All built in the 1980s, the buildings average more than 60% leased. The buildings are owned by Arlington-based Skywalker Property Partners.

Colliers landed the big listing on the heels of a two-building sale it handled in Plano. The Preston Park office campus near Preston Road sold to TerraCap Management of Florida.

 

Read the article at Dallas Morning News

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Creighton Stark

Executive Vice President

Dallas

Creighton Stark is an executive vice president with the Capital Markets group of North Texas. With more than 22 years of experience in commercial real estate, Creighton oversees the institutional investment sales and re-capitalization of office properties.

Creighton has the reputation as a leading investment advisor, with extensive experience in almost every aspect of office capital markets. He has well-established working relationships with several major institutional clients including New York Life, Lincoln Financial Group, UBS, TriGate Capital, Angelo Gordon, CrossHarbor Capital and many others.

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Chris Boyd

Senior Vice President

Dallas

Chris provides a unique and powerful perspective to the Capital Markets advisory team given his ownership perspective of investments and acquisitions of 20 plus years, by working extensively on institutional and private equity transactions in the Dallas-Fort Worth commercial real estate market, as well other major markets such as Chicago, Houston, San Antonio and Austin. Prior to joining Colliers in 2016, he was the Director of Acquisitions for a capital investment firm, and during his career, has acquired, overseen or advised on $3.5 Billion of nationwide investment properties. Chris has handled institutional portfolios with an estimated worth of $100 million to $500 million including all major commercial property types including office, industrial, hotel and hospitality properties and distressed debt in conjunction with principals, equity and debt capital partners.

Chris provides an institutional foundation, private equity/entrepreneurial experience, deep local market knowledge, and a true ownership perspective to clients’ acquisition, asset management and disposition objectives. His previous roles with Cawley Partners, UBS, Behringer, First Industrial Realty Trust, investment startups and Joint Venture sponsors, plus their respective debt and equity partners, are utilized for optimal client business plan executions.

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