232K-SF Hidden Grove Sells to Dallas-Area Buyers
New York City headquartered Red River Asset Management ended its four-year-plus hold on the four-building, 232,289-square-foot Hidden Grove at 12404 Park Central, selling the Class A office asset to Dallas-area buyers Reserve Capital Partners and Trinity Private Equity Group. The sales price of the Dallas commercial real estate asset was undisclosed, with the property valued at $20 million.
CBRE’s John Alvarado, Gary Carr, Eric Mackey, Evan Stone, Jared Chua and Robert Hill arranged the transaction on behalf of the seller. Transwestern’s Nora Hogan represented the buyer.
The asset, in Dallas’ Park Central area, is 99.8% occupied to tenants such as Escalation Studios, Pollo Compero and Studio Movie Grill. “The building’s location within the Park Central office submarket is poised for meaningful upside now that work has been completed on LBJ Freeway (Interstate 635),” Alvarado said.
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