D-FW’s biggest 2018 building buys set the stage for more deals this year

Downtown Dallas’ newest tower is headed to the market with what promises to be a record selling price.

The just-completed 1900 Pearl office high-rise is expected to fetch about $700 per square foot and attract investors from all over the globe.

Real estate brokers are hoping a quick sale of the 25-story Arts District tower overlooking Klyde Warren Park will set the tone for 2019’s commercial property market in North Texas.

“Dallas fundamentals — the job growth, building leasing, push in rental rates — all add up to be a pretty good story,” said Jack Crews, managing director of commercial property firm JLL. “If you are going to play in the real estate investment business, this is the place to be.”

Steve Brown, Real Estate Editor

Link to Full Story

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s