August 31, 2016 Comments Off on Dallas’ 17Seventeen McKinney Under Contract for $188M Views: 322 Dallas-Fort Worth, National News, Texas News

Dallas’ 17Seventeen McKinney Under Contract for $188M

Less than three months after coming to the market, office building 17Seventeen McKinney in Dallas’ Uptown submarket is under contract for $188 million, which equates to $510 per square foot. Granite Properties, developer of the 369,000-square-foot building, is the seller, with Gaedeke Group contracted to buy the property.

The six-year-old high-rise is 98% occupied to tenants including Bain & Co., Colliers International, Regions Bank and Bain & Co. HFF has been marketing the asset on behalf of the seller.

If the transaction closes, it will represent the highest price for a Dallas-area sale. Another uptown building, 2000 McKinney Tower, sold for an estimated $502 per square foot to a German investor.

All Texas. Every day, direct to your inbox. Beginning Sept. 19. Sign up here to receive Connect Daily Texas.

Read More at Dallas Morning News

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.