Ricchi Group Acquires 200000 SF Property At 8777 N Stemmons Fwy From Optima Stemmons LLC
SOLD
Texas
See Similar DealsOffice200,000 SF
SOLD
Ricchi Group Acquires 200000 SF Property At 8777 N Stemmons Fwy From Optima Stemmons LLC
8777 N Stemmons Fwy, Dallas, TX, 75...
See Similar DealsOffice200,000 SF
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:200000 SF
Transaction Type:Sale
Optima Business Park, located at 8777 N. Stemmons Freeway in Dallas, TX, is a 200,000-square-foot office park comprised of an eight-story building constructed in 1976 and a five-story building added in 1985. The property was previously the headquarters of cosmetics firm Mary Kay.
Summary of transaction details:
- Property Type: Office Park
- Transaction Amount: Not disclosed
- Address: 8777 N Stemmons Fwy, Dallas, TX
- Market: Dallas
- Buyer: Ricchi Group
- Seller: Optima Stemmons LLC
- Buyer's Representative: Len Wood - American Group LLC
- Seller's Representative: Jay Lucas - Cushman & Wakefield
Len Wood represented Ricchi Group in the acquisition of the property, while Jay Lucas acted on behalf of Optima Stemmons LLC as the selling representative. This transaction highlights the involvement of local investment firms in the Dallas market.
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