STK Commercial Acquires 114,525 SF Office Building In Dallas From Lilium GVP LLC

The asset involved in the transaction is a seven-story office building located at 6500 Greenville Avenue in Dallas. The property comprises a total area of 114,525 square feet and was constructed in 1981. It is leased to notable tenants, including Allstate, State Farm, and Thrive Women’s Clinic. The transaction was executed between STK Commercial and Lilium GVP LLC, with the asset valued at $12.2 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Square Footage: 114,525 SF
• Address: 6500 Greenville Avenue
• Market: Dallas
• Buyer: STK Commercial
• Seller: Lilium GVP LLC
• Brokers: Justin Utay & Jeremy Brubaker - Partners Real Estate

Justin Utay and Jeremy Brubaker represented the buyers, STK Commercial, in this transaction. Partners Real Estate facilitated the deal. The purchase price remains undisclosed but is associated with the asset's valuation of $12.2 million.