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Follow on Google News | Brookdale Group Completes Acquisition of the Towers at Williams Square in DallasFirm’s recent Sunbelt office acquisitions total more than 2.1 million square feet
By: Schroder PR The Towers at Williams Square consists of one 26-story office tower flanked by two 14-story towers and an adjacent five-story building, all of which are located on a 16-acre site fronting on Lake Carolyn in Las Colinas. Currently 92.5 percent leased to 64 businesses including Pioneer Natural Resources, Flowserve Corporation, Centerline AREA and La Cima Club, Williams Square is also home to “The Mustangs of Las Colinas,” one of the world’s largest and best-known equine sculptures featuring nine bronze mustangs arrayed across the project’s central plaza. Part of Brookdale’s ownership plan for Williams Square includes making almost $10 million of capital improvements to the complex, which was completed in 1985. The Dallas office of HFF, LP represented the seller in the Williams Square transaction and also assisted Brookdale in arranging financing for the acquisition. “The purchase of this iconic project in one of Dallas’ most dynamic submarkets anchors our sixth fund’s investment portfolio with an excellent asset that will continue to be professionally managed and leased by Cousins Properties,” In addition to its acquisition today of The Towers at Williams Square, on December 27 Brookdale acquired Trinity Place, an 111,800-square- On December 15, Brookdale also closed the acquisition of SunTrust Financial Centre in downtown Tampa, Florida. Completed in 1992, the 35-story, 527,100-square- On February 11, Brookdale acquired Nottingham Hall, a four-story, 105,700-square- # # # The Brookdale Group is a privately held Atlanta-based commercial real estate investment company founded in 1994 by Chip Davidson and Fred Henritze. Through its sponsored closed-end investment funds, The Brookdale Group makes commercial real estate investments on behalf of the firm’s principals and its institutional co-investment partners which presently include many of the nation’s most prestigious educational endowments and foundations. Since its formation, The Brookdale Group has sponsored six investment funds with aggregate capital commitments of approximately $1.5 billion which have focused primarily on making “value-add” End
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