Urban Infraconstruction Acquires 53,673-SF Office Building In Addison From Midway Office Park LLC

The property asset involved in this transaction is a Class B office building located at 14665 Midway Road in Addison, Texas. The building encompasses 53,673 square feet and is situated on 2.75 acres in the Quorum/Bent Tree submarket, with close proximity to major highways and Addison Airport. At the time of closing, the property was approximately 60% vacant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Urban Infraconstruction
• Seller: Midway Office Park LLC
• Buyer’s Representative: Taylor Stell - Lee & Associates
• Seller’s Representatives: John Bowles, Susan Gwin Burks & Bruce Butler - Avison Young

Urban Infraconstruction plans to utilize the property for expansion while maintaining leases with existing tenants. Avison Young facilitated the transaction, selling the property to Urban Infraconstruction.