The Dallas office of HFF exclusively represented the seller, a partnership between Dallas-based Cawley Partners and New York-based Greenstreet Real Estate Partners, in the transaction. HFF also arranged acquisition financing for the purchaser, GNL Properties, through GE Real Estate.
The 12-story Ridglea Bank Building is currently 98% leased and has strong historical occupancy. Located at 6300 Ridglea Place in Fort Worth, the property is off Camp Bowie Boulevard adjacent to the Ridglea Country Club entrance and minutes from Interstate 30 and Loop 820. The property has 594 parking spaces and garden-like landscaping.
Cawley Partners has more than 20 years of multi-market experience in tenant representation, investment, development, acquisition and disposition. Based in Dallas, Texas, the company continues to invest in functional, well-located office, industrial and mixed-used assets below replacement cost with good appreciation potential in targeted metropolitan areas throughout the United States.
For more information about Cawley Partners, visit http://www.cawleypartners.com/.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.