Sale of Triwest Plaza along LBJ Freeway in northwest Dallas closed by HFF
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Triwest Plaza, a 369,025-square-foot office development in Dallas, Texas.
HFF represented the seller, an affiliate of HighBrook Investors, in the transaction. A private investment group purchased the asset for an undisclosed amount.
Triwest Plaza is located at 3030 LBJ Freeway/Interstate 635 with excellent frontage and visibility, and easy access to DFW International Airport, Dallas Love Field and Galleria Dallas, as well as the city’s premier residential areas. Originally built in 1986, the property is poised to benefit from the recent completion of the LBJ Express highway project and the recent renovations completed at the building. The 17-story building is 75 percent leased and anchored by the headquarters of ClubCorp. The building features a 6,000-square-foot health club, a conference center that is inclusive of a 40-seat training room and a 16-seat board room, an outdoor plaza with water fountain and a dining area.
About HighBrook Investors
HighBrook Investors is a New York-based real estate private equity firm that was founded in 2010, as a unique entity bringing to bear the best practices from both the private equity and hedge fund industries. As a value-oriented investor, HighBrook acquires and actively manages previously underperforming income producing property investments on a national basis. The firm specializes in recapitalizing properties that are encumbered by complicated financial structures, through executing transactions that typically require speed, flexibility and substantial capital infusions. As an entrepreneurial and well-capitalized organization, HighBrook is uniquely positioned in the marketplace. For further information on HighBrook Investors or if you wish to contact the firm, please visit: HighBrookInvestors.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.