DALLAS, TX – JLL Capital Markets has completed the sale of Churchill Tower, a Class A office tower totaling 277,187 square feet in Dallas, Texas. The price was not disclosed.
JLL represented
the seller, and procured the buyer, TXRE Properties.
Churchill Tower is located at 12400 Coit Rd., at one of the most trafficked locations in the DFW Metroplex, the intersection of U.S. Highway 75 and Interstate 635.
Ben Esterer |
This location provides connectivity to downtown Dallas, Dallas Love Field Airport, DFW International Airport and the surrounding communities of Highland Park, Prestonwood, Frisco and Plano.
Andrew Griffin |
Churchill Tower is located at 12400 Coit Road, at one of the most trafficked locations in the Park Central submarket of Dallas, TX |
The 12-story office tower was recently renovated and boasts on-site amenities, including a café, fitness center and conference room. At 73% leased, the property has a diversified rent roll and includes tenants: Carr Riggs and Ingram, Level Four Advisory Services, Borden and Relation.
JLL Capital
Market’s Investment Sales and Advisory team representing the seller was led by
Senior Managing Director Todd Savage, Director Ben Esterer,
Associate Megan Babovec and Analyst Andrew Griffin.
TXRE Properties Justin
Smith and Kolby Dickerson represented themselves in the acquisition.
JLL Capital Markets is a full-service global provider of
capital solutions for real estate investors and occupiers.Justin Smith
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news,
videos and research resources, please visit JLL’s newsroom.
CONTACT:
Kristen Murphy
Director, Public Relations
JLL
One Post Office Square, Suite 1100
Boston, MA 02109
617-543-4873
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