1900 Pearl office tower sold for 180
Goldman Sachs Asset Management has sold the recently opened 260,326 square foot 1900 Pearl office tower in Dallas’ Arts District to The State Teachers Retirement System of Ohio. 1900 Pearl office tower traded for $180 million, or roughly $700 per square foot.
The 25 storey is located at 1900 N. Pearl St. The property is adjacent to the Federal Reserve Bank of Dallas and Dallas Symphony Orchestra at Meyerson Symphony Center, with easy access to plenty of dining and entertainment options and public transit.
Its amenities include a tenant lounge on the 14th floor that provides views of the city’s downtown, uptown and Klyde Warren Park, fitness center and basketball and yoga court. In additionally, the office features 754 parking spaces on 11 floors.
The tenant roster includes the law firms Husch Blackwell, which signed the lease at the end of last year, Baker McKenzie, as well as Steward Health Care. Besides, the asset was 48.8 percent vacant.
Source: CP Executive
Fulya Altunyay/[email protected]