May 18, 2016
Newport Beach, CA-based Buchanan Street Partners acquired Bluffview Towers, a 196,356-square-foot office property in Dallas. The two-building property was purchased for an undisclosed amount from New York-based Commercial Developments International (CDI).
The acquisition is the CRE investment management firm’s fourth in the last 16 months, in a market expected to experience continued growth. Buchanan Street Partners also expects to see increased opportunities, as a result of the assets’ location adjacent to a resurgent Dallas Love Field Airport.
Matt Haugen, vice president of Buchanan Street Partners, says, “We anticipate local expansion as corporations view this area as a more preferred location, both for daily commutes and accessibility to the airport for business travel.”
JLL’s Jack Crews, Evan Stone and Lauren Zimmer represented CDI in the transaction, while Buchanan Street Partners was self represented.