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Shelbourne Global Solutions Acquires Plaza Of The Americas In Dallas's Largest Office Building Sale

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SOLD

Texas

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Mixed-use1,200,000 SF
Sold 10/24/2023
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SOLD

Shelbourne Global Solutions Acquires Plaza Of The Americas In Dallas's Largest Office Building Sale

600 North Pearl Street

See Similar Deals
Mixed-use1,200,000 SF
Sold 10/24/2023
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:1,200,000 SF
Transaction Type:Sale

Brooklyn-based Shelbourne Global Solutions has acquired the Plaza of the Americas in Dallas, Texas. The landmark complex consists of two 25-story office buildings and a shopping center located in a 15-story atrium. This acquisition marks the largest office building sale in North Texas this year, catering to the growing demand for office and retail leasing in downtown Dallas.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: Not disclosed
  • Square Footage: 1,200,000 SF
  • Address: 600 North Pearl Street, Dallas, Texas
  • Market: Dallas

In this transaction, Shelbourne Global Solutions, represented by Bernard Bertram, acted as the buyer. The seller comprised two entities, M-M Properties, represented by Kenneth Moczulski, and Invesco Real Estate, represented by Andrew Schlossberg. The deal was facilitated by brokers Chris Murphy, Gary Carr, and Robert Hill from Newmark.

Players

Gary Carr
31 deals$352.5M volume
BROKER

Robert Hill
Newmark
32 deals$252.5M volume
BROKER

Chris Murphy
Newmark
31 deals$218M volume
BROKER

BUYER

Details

SOLD
IMAGE: Bernard Bertram, Kenneth Moczulski, Andrew Schlossberg, Gary Carr, Chris Murphy & Robert Hill DATE: 10/24/2023 ADDRESS: 600 North Pearl Street MARKET: Dallas ASSET TYPE: Mixed-use ~ SF: 1,200,000 BUYER: Shelbourne Global Solutions - Bernard Bertram SELLER: M-M Properties - Kenneth Moczulski; Invesco Real Estate (@Invescous) - Andrew Schlossberg BROKERS: Chris Murphy, Gary Carr & Robert Hill - Newmark (@Newmark) NOTE: Brooklyn-based Shelbourne Global Solutions has acquired Dallas' Plaza of the Americas, a landmark complex featuring two 25-story office buildings and a shopping center in a 15-story atrium. The purchase is the largest office building sale in North Texas this year and is poised to meet growing office and retail leasing demand in downtown Dallas.

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