Deal Ticker: Investors Purchase High-Profile Allen Building, Plan Relocation
Plus: $20 million industrial project headed to Lancaster, JLL closes Pier 1 tower deal in Fort Worth, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
In a joint venture partnership, Dallas-based Pillar Commercial and Oklahoma investor Hall Capital have acquired the 120,170 square foot office building,
One Bethany East in Allen. Pillar Commercial plans to relocate its Preston Center headquarters to the site in the second quarter.
One Bethany East was built by Kaizen Development Partners and is home to many high-profile tenants, including the Credit Union of Texas, Boss Fight, and the Allen Economic Development Corporation.
Dallas and Oklahoma investors joint venture on Allen office buy Steve Brown, The Dallas Morning News
Investors have snapped up a high-profile Allen office project.
Dallas-based Pillar Commercial teamed up with Oklahoma-based Hall Capital to purchase the One Bethany East office building, which is located in the Watters Creek development near U.S. Highway 75.
Built in 2018, the five-story, 120,000-square-foot office building has been up for sale since last fall.
It’s next to Allen’s new Watters Creek convention center.
“One Bethany East is a premier Class A office project with strong tenancy,” Manny Ybarra, Founder and CEO of Pillar Commercial, said in a statement. “It is representative of the City of Allen’s impressive work to grow its corporate tax base with high-quality office and mixed-use developments.”
Dallas and Oklahoma investors team up on Allen office buy
The One Bethany East office building is near U.S. 75.
The One Bethany East building is home to Credit Union of Texas and other tenants.(Pillar Commercial )
Investors have snapped up a high-profile Allen office project.
Dallas-based Pillar Commercial teamed up with Oklahoma-based Hall Capital to purchase the One Bethany East office building in the Watters Creek development near U.S. Highway 75.
Built in 2018, the five-story, 120,000-square-foot office building has been up for sale since last fall.
It’s next to Allen’s new Watters Creek convention center.
“One Bethany East is a premier Class A office project with strong tenancy,” Manny Ybarra, founder and CEO of Pillar Commercial, said in a statement. “It is representative of the city of Allen’s impressive work to grow its corporate tax base with high-quality office and mixed-use developments.”
Deal Ticker: M2G Ventures Ends Year With Rapid Pre-Leasing of Historic Fort Worth Building
Plus D.R. Horton plans $150 million development, Plano tech firm Edge Communications downsizes office footprint, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
M2G Ventures wrapped up the year with the transformation of PROOF, a 40,665-square-foot building at 901 W. Vickery Blvd. in Fort Worth. Despite the whirlwind of 2020, this coveted mixed-use project is 72 percent preleased, landing a corporate relocation, a boutique bowling concept, and one of the largest female-owned personal injury law firms in the country.