Date: August 26, 2021
Transaction Type: Investment Sale, Debt/Equity
Property Type: Office
Size: 512,269 sq.ft.
Sale Price: $93,674,000 USD
The property had been under contract for many months with a local Dallas sponsor whose overseas equity partner – in light of COVID concerns - bailed on the deal. Gabriel Silverstein, SIOR, and his team were brought into the transaction to try to save the sponsor’s deal by finding a new equity partner, putting together the capital stack to buy the property, and jointly negotiate a lower price for the acquisition.
Gabriel Silverstein, SIOR