North Dallas office tower changed hands
Arlington based SkyWalker Property Partners acquired The Crosspoint Atrium at 8651 LBJ Freeway for an investment fund from the Credit Union of Texas.
The office tower is relocating its head office to Allen. The firm will keep 110,876 sqaure feet of office space in its former headquarters building. Besides, the new owners plan to renovate the building.
SkyWalker Property’s Gary Walker said, “We will make this the top affordable option, a quality B in a class A submarket. It’s a well-located office building with easy freeway access, which bodes well for our tenants’ talent recruitment efforts both close-in and cities farther out to the north, east and west.
Constructed in 1981, office tower is 227,891 square foot office building. It is located right on the High Five at the northwest corner of U.S. Highway 75 and LBJ Freeway. The asset was about 50 percent leased at sale. Lunsford Commercial has been hired to lease and manage the property.
Fulya Altunyay/ [email protected]