chase tower

August 3, 2016 Comments Off on Hines Sells Dallas Chase Tower for $285M Views: 610 Dallas-Fort Worth, National News, Southwest, Texas News

Hines Sells Dallas Chase Tower for $285M

Houston-based Hines sold the 55-story Chase Tower in Dallas’ central business district to Fortis Property Group, headquartered in New York. The 1.3-million-square-foot asset at 2200 Ross Ave. sold for approximately $285 million, according to local media.

Holliday Fenoglio Fowler represented the seller, which had invested more than $10 million to upgrade the 30-year-old high-rise. Hines acquired the building in 2007.

Stream Realty has been retained to lease the already 75%-leased building. According to Stream’s J.J. Leonard, the new owner is planning additional upgrades, including reorienting the building’s front door more toward Ross Ave., and adding food options.

Read More at Dallas Morning News

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