Join The Discussion

 

Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

read more >

Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

read more >

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

read more >

Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

read more >

 

Allen office building acquired for $15.15 M

 

Gladstone Commercial Corp. announced July 15 it purchased a two-story, 115,200 square foot, two-tenant office building located in Allen for $15.15 million. Acquisition financing was provided by Synovus Bank simultaneously with the acquisition.


"This acquisition highlights our strategic decision to expand our acquisition focus beyond single tenant properties to multi-tenant properties with a strong anchor tenant," said Buzz Cooper, senior managing director of the company.


Gladstone Commercial is a real estate investment trust (REIT) based in McLean, Va. that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The company currently owns 85 properties.

ric Mackey, Gary Carr, John Alvarado and Robert Hill of CBRE arranged the transaction.

“Investors were attracted to this asset due to its exceptional location within the Allen-McKinney office submarket, along the frontage road of US-75 at Bethany Drive. Allen’s supply-constrained office market features direct asking rents that have increased for the past six consecutive quarters,” said Eric Mackey, senior vice president of CBRE. “Allen Office Center is also home to two quality, credit-worthy, publicly traded companies – Frontier Communications Corporation, Allen’s fifth largest employer; and Micron Technology.”

Built in 1998, this two-story, high-tech office building features a spacious lobby, high-quality finishes and 10-foot ceiling heights. Additionally, the building’s 57,600 square foot floorplates and high parking ratio provide higher building efficiencies and lower fixed costs.
 


www.gladstonecompanies.com
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?