DFW Office Asset Changes Hands
Peak CRE has sold a 35,000 square foot office building in Fort Worth, Texas to Point of Rental Software.
The buyer financed the acquisition with a $3.4 million loan from First United Bank and Trust Co. set to mature in 2039. Point of Rental Software will use the space as their North American headquarter and is set to relocate this summer.
The seller represented itself in the transaction through Director of Real Estate Sam Franklin. Senior Director Cribb Altman and Director Charlie Beck from Cushman & Wakefield worked on behalf of the buyer.
The single story building is located at 14401 Statler Blvd. The property was completed in 2005 on a 7.9 acre site and is halfway between downtown Dallas and downtown Fort Worth, with both being less than 20 miles away. It is close to dining options and residential propeties and within 6 miles of the Dallas Fort Worth Airport. In addition, the office was previously the headquarters for Bimbo U.S.
Fulya Altunyay/[email protected]