Riya Travel & Tours Inc. has sold its 4,800-square-foot office building located at 1503 West Airport Freeway in Irving. The property was purchased by ASM Irving Offices LLC, a property management company. The buyer intends to occupy the entire space, attracted by its freeway frontage and high traffic volume. The sale was completed on January 29, 2024.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 1503 West Airport Freeway, Irving
• Square Footage: 4,800
• Market: Irving
• Seller: GMJ Thampy - Riya Travel & Tours Inc
• Buyer: ASM Irving Offices LLC

The seller, Riya Travel & Tours Inc., will be relocating to a smaller space in MacArthur Plaza at 5525 N. MacArthur Blvd., also in Irving. This move will be facilitated through a short-term sale-leaseback arrangement. GMJ Thampy represented Riya Travel & Tours Inc. in the transaction, while Marla Valle of Encore Fine Properties acted as the buyer's representative. Chris Kennedy and Jason Finch from Bradford Commercial Real Estate Services represented the seller in the deal.