Marcel Arsenault Of Real Capital Solutions Acquires Office Building In Dallas For $26.1M
Texas
See Similar DealsMarcel Arsenault Of Real Capital Solutions Acquires Office Building In Dallas For $26.1M
8144 Walnut Hill Lane
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The property asset involved in this transaction is an office building situated at 8144 Walnut Hill Lane in Dallas, spanning 5.8 acres. The property was sold for $26,100,000, which translates to a price per square foot of $56. The building encompasses a total square footage of 465,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $26,100,000
- Address: 8144 Walnut Hill Lane
- Market: Dallas
- Acres: 5.8
- Square Footage: 465,000
- Price Per Square Foot: $56
- Buyer: Marcel Arsenault - Real Capital Solutions
- Seller: Peter Palandjian - Intercontinental Real Estate Corporation
Real Capital Solutions acquired the Walnut Glen office tower, and the firm plans to implement capital improvements as the building, currently 49% leased, is repositioned. JLL facilitated the brokerage of the sale, while Cushman & Wakefield is tasked with handling the leasing activities for the property.
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