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Convergent Capital Partners Acquires Property In Irving Texas With Seller's Rep Newmark

Property Image
SOLD
John Alvarado
Gary Carr
+ 2

Texas

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Office512,269 SF
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Property Image
SOLD

Convergent Capital Partners Acquires Property In Irving Texas With Seller's Rep Newmark

600 E Las Colinas BLVD, Irving, TX, 75...

See Similar Deals
Office512,269 SF
John Alvarado
Gary Carr
+ 2
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:512,269 SF
Transaction Type:Sale

The property involved in this transaction is a 512,269-square-foot office complex located at 600 E Las Colinas BLVD, Irving, TX. The property is situated within the Las Colinas Urban Center and consists of 22 stories. At the time of sale, it was 77 percent leased, with tenants that include multifamily developer JPI. The property features amenities such as a deli, fitness center, and a conference facility.

Summary of transaction details:

The transaction was facilitated by Newmark, with Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen representing the undisclosed seller. The buyer, Convergent Capital Partners, in partnership with Dominus Commercial Inc., plans to invest approximately $20 million in capital improvements post-acquisition.

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

John Alvarado
Newmark
10 deals$34.5M volume
BROKER

Chase Tagen
Newmark
20 deals$8.7B volume
BROKER

BUYER

Details

SOLD
IMAGE: 600 E Las Colinas BLVD, Irving, TX, 75... MARKET: Irving SELLER'S REP: Chase Tagen, Chris Murphy, Gary Carr, John Alvarado -Newmark BUYER: Convergent Capital Partners SELLER: Unknown SF: 512269

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