A new year, a new look: The vacant, 64k SF 1400 Corporate Dr in Irving has been snatched up by Triad Real Estate Consulting, which plans to upgrading the lobby and common areas, among other renovations, we learned exclusively from the seller’s rep. (This is your chance to put a bowling alley in the basement… just sayin’.)
Younger Partners’ Dustin Volz and Zane Marcell (whom we snapped over lunch) repped the seller, an out-of-state investment group. Sales price was not disclosed. Dustin says he’s continuing to see a major price recovery, especially in the Class-B and C assets over the last nine to 12 months in DFW. Things have particularly picked up since March. (Everyone got through St. Patty’s Day alive and decided to buckle down.) A few reasons: the shortage of product, a very aggressive leasing market, and out-of-state buyers back in full force, helping bump up prices.