3131 Turtle Creek, Dallas

May 10, 2018 Comments Off on 3131 Turtle Creek Goes to Pension Fund Views: 2783 Dallas-Fort Worth, Texas News

3131 Turtle Creek Goes to Pension Fund

Dallas-based Cardinal Capital Partners Inc. ended its four-year hold on 3131 Turtle Creek, selling the office high-rise to the State Teachers Retirement System of Ohio. During its ownership of the 140,000-square-foot property, Cardinal Capital invested $10 million to upgrade the 45-year-old building. Though the sales price was undisclosed, area experts suggest the building sold for more than $350 per square foot.

The building delivered in 1972, and was one of the first office towers to go north along Turtle Creek Boulevard. The tenant base is a mix of professional services and healthcare companies.

According to the Dallas Morning News, the buyer owns approximately $7.7 billion in real estate, and wants to buy more in the Dallas area.

Read More At Dallas Morning News

Connect with Cardinal Capital Partners

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.