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Local Energy Company Buys Downtown Office Building For New Headquarters

NAI Robert Lynn Office Division Arranges the 10,000-Square-Foot Sale

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Nov. 2, 2012 - The NAI Robert Lynn Office Division (http://www.robertlynn.com/Default.aspx?tabid=3703)  recently arranged the sale of a 10,000-square-foot office space to local oil and gas company, Harvey Energy. The company is relocating its corporate headquarters to the new downtown address at 1875 Laws Street from its current Uptown area location at 3811 Turtle Creek Blvd.

“It’s rare to see a building of this size sell in downtown and it’s very exciting to see companies investing in this area,” said Tom Lynn, president of the NAI Robert Lynn Office Division. “There are not many options for companies to buy their own building (http://www.dallasnews.com/business/small-business/2012101...), so finding a large space for our client in a hot market such as downtown posed its difficulties.”

Harvey Energy is a private oil and gas company. The company was attracted to the property based on its interest in the downtown area and the rare opportunity to own the property. The sale was an off-market deal identified by Jayson Montoya, the downtown market director for the NAI Robert Lynn Office Division.

“With the opening of Klyde Warren Park, the dividing line between downtown and Uptown is shrinking. However, downtown prices are still much lower, making it very attractive to buyers,” said Montoya. “There are bargains to be made for many nice buildings in the Dallas Central Business District, yet geographically you're less than a mile from the tight Uptown office market.”

NAI Robert Lynn has brokers who specialize specifically in sub-markets in Dallas/Fort Worth, which ensures clients receive the most up-to-date and comprehensive information on their specific sub-market at any time. In this case, Harvey Energy was able to reap the benefits of NAI Robert Lynn’s innovative approach to commercial real estate and was able to seize a new opportunity while receiving the best possible deal.

About NAI Robert Lynn      

NAI Robert Lynn specializes in providing commercial brokerage and consulting services including tenant representation and owner representation for office, industrial and retail properties, property management, investment sales and purchases.  The company has been ranked in the top 5 of the Costar ranking of Dallas/Fort Worth (DFW) brokerage firms based on commercial square footage leased every year since the rankings began.  NAI Robert Lynn has been providing its clients with superior service and market knowledge of the DFW area for 50 years.  This is evidenced by the 2011 results closing 635 transactions totaling over 17 million square feet, and managing over 6.5 million square feet of commercial properties.  To learn more, visit www.robertlynn.com.

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Source:NAI Robert Lynn
Country:United States
Industry:Real Estate
Tags:Harvey Energy, NAI Robert Lynn, Tom Lynn, downtown, buy
Shortcut:prlog.org/12014791
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