Opal Holdings Acquires Fort Worth Office Building For $137.5M

The property involved in this closed transaction is an office located at 801 Cherry St in Fort Worth. The property spans a total area of 1,000,000,000 square feet. The transaction took place on 05/03/2021 and the sale price for the property was $137,500,000, resulting in a price per square foot of $138.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $137,500,000
• Buyer: Opal Holdings - Shaya Prager
• Seller: Cousins Properties - Colin Connolly & Gregg Adzema
• Market: Fort Worth
• Address: 801 Cherry St

The buyer in this transaction is Opal Holdings, represented by Shaya Prager. On the other side, the seller is Cousins Properties, with Colin Connolly and Gregg Adzema acting as representatives. This significant deal highlights the ongoing activity in the Fort Worth market and showcases the demand for office assets at a sale price of $137,500,000. The transaction demonstrates the continued growth and investment opportunities in the commercial real estate sector.