May 31, 2017
DALLAS – Transwestern’s Dallas Capital Markets Group today announces it has executed the sale of Arbors at Brookhollow, a contemporary, 113,500-square-foot, Class A, multitenant office building at 2201 E. Lamar Blvd. in Arlington, Texas. A private investment group, Arbor Hui LLC, purchased the asset from CRE Brookhollow LLC for an undisclosed price. Transwestern Managing Director Mike Hardage and Senior Associate Matthew Otte negotiated the transaction on behalf of the seller.
“Arlington has seen an increasing amount of investor interest as the Dallas-Fort Worth metro continues to attract foreign and domestic capital,” said Hardage. “Arbors at Brookhollow presented a compelling opportunity to acquire an investment grade rent roll with future leasing upside.”
Arbors at Brookhollow was 76 percent leased at the time of sale to a diverse roster of tenants, anchored by investment-grade companies Xerox (Conduent) and Farmer’s Insurance. Built in 1999, Arbors at Brookhollow features underground parking and resides on a spacious 7.94-acre site in Arlington’s Entertainment District, home to the Texas Rangers’ Globe Life Park and the Dallas Cowboys’ AT&T Stadium, as well as an array of restaurants, retail centers and hotels. Several mixed-use developments are also underway in the surrounding area, including the $250 million Texas Live! Project that will feature a 100,000-square-foot entertainment complex and 300-room hotel adjacent to Globe Life Park.
Transwestern’s Dallas Capital Markets Group focuses on maximizing asset value for portfolio and individual clients across the globe through superior local and regional market knowledge, skilled property analysis, financial modeling and proven asset-specific marketing strategies. The team’s strategic approach and entrepreneurial edge contributed to 455 investment sales and structured finance transactions in 2016 totaling $3.3 billion in aggregate value.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the North Texas region, follow @TranswesternDLS and @TranswesternFTW.