CBRE Brokers Sale of Vacant North Central Bldg.


Why should you prepare for a security breach? Find out at cyberSecure. Gain the insights and relationships necessary protect your real and financial assets. In New York on December 15-16. National event.

Glasscock: “We marketed the property to both adaptive reuse investors and potential hospitality users, as the zoning would accommodate hotel development.”

DALLAS–CBRE Capital Markets’ Investment Properties has brokered the sale of a vacant, 24,000-square-foot office building in Dallas.

Avial Hotels, a subsidiary of Blue Star Hospitality, purchased the building from Decker Development for an undisclosed price, and plans to redevelop the site for a national-brand hotel.

David Glasscock, with CBRE’s Dallas office, represented the seller and Ryan Patterson, with Texas Hotel Brokers, represented the buyer.

“There was competitive interest from the hospitality development community,” Glasscock told “It became apparent several hotel flags were looking for a site on North Central Expressway. After a structured bid process, the seller weighed the experience of the operator and the timing to close the transaction in determining the winning bidder.”…

CBRE Brokers Sale of Vacant North Central Bldg.

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.