Marcel Arsenault Of Real Capital Solutions Acquires Office Building In Dallas For $26.1M

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.