An LBJ Freeway office tower has sold to a group of local and out-of-state investors. The 10-story Meridian office building at 2711 LBJ Freeway in Farmers...
An LBJ Freeway office tower has sold to a group of local and out-of-state investors.
The 10-story Meridian office building at 2711 LBJ Freeway in Farmers Branch was built in 1980 with almost 250,000 square feet of space.The building sold to investors including Hudson International Group of New York and Dallas’ Maitland Management. It is valued for taxes at more than $16 million.The Farmers Branch building sale adds to a growing list of transactions with Dallas-Fort Worth office properties.
A series of recent office sales of buildings in Addison, Plano and Las Colinas are adding to the number of these transactions. Office building sales slowed to a trickle during the early days of the pandemic but are now picking up. In 2021, the D-FW area was the country’s top market for commercial property investment with almost $47 billion in transactions.
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