January 15, 2019
Transcontinental Realty Investors Inc. (TCI) subsidiary, Southern Properties Capital, acquired the ground lease for Stanford Corporate Centre and the adjacent Telos Fitness Center in North Dallas. The Dallas buyer acquired the two buildings, at 14001 and 13701 Dallas Pkwy., respectively, in 2008. The seller was not identified.
The 13-story, 274,684-square-foot Stanford Corporate Centre is an office building on the Dallas North Tollway. Tenants include Capstar Radio Operating Co., Henry S. Miller Commercial, First Western Title Acquisitions and Clear Channel Communications Inc. The 63,000-square-foot Telos Fitness Center is an independent company that offers fitness equipment, training and spa-like services.
“As the owner of the Stanford Corporate Centre and the Telos Fitness Center buildings and our recent purchase of the ground lease, TCI furthers its commitment to our quality portfolio of commercial and multi-family real estate,” said SPC/TCI’s Daniel J. Moos.
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