109-Year-Old Founders Square Flips to Charter Holdings
Charter Holdings has furthered its presence in Dallas with the acquisition of one of the most well-known buildings in the city’s downtown. Charter bought the 109 year-old Founders Square building adjacent to the Convention Center. It’s Charter’s second building in the area. The company already owns The Dallas Morning News property, nearby. The seller was Fidelity Commercial.
Built in 1914 as a warehouse and later converted into office space, Founders Square remains one of the longest-operating office buildings in Dallas. The 274,010-square-foot property offers approximately 35,500-square-foot floorplates, with amenities including a deli, car wash, ATM machine, copy center, on-site USPS post office and an adjacent parking garage with 375 spaces.
Newmark says the Founders Square was 73 percent occupied at the time of the sale, with law firms leasing most of the space.