September 12, 2016
The Haberman Group has entered into an agreement to acquire the 873,375-square-foot Campbell Centre under contract for $126 million. The transaction on the complex on Dallas’ North Central Expressway is expected to close this month. Eastdil Secured is representing the seller, Capital Commercial Investments, which is in Austin.
The asset at 8150-8350 N. Central Expwy. is adjacent to a 300-room Doubletree Hotel, and consists of two 20-story towers. The North Central Expressway submarket has a 12.9% vacancy rate, with interest in the location growing as rents in the Uptown submarket, to the south, becomes more expensive.
Capital Commercial has owned the complex since 2007, when it paid approximately $92 million for the asset.
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