Bradford Fund Acquires “Under-Managed” Dallas Office Building

Bradford Companies has acquired the 139,609 square-foot Bent Tree Green office building in Far North Dallas. The company sees it as a value-add opportunity. Bradford’s Richmond Collinsworth adds, “The building truly is under-leased and under-managed for that submarket. We are planning to restore the bar on Bent Tree Green’s image in the marketplace.” Bent Tree Green was 60% leased at sale time. 

The acquisition and planned $9.6-million investment into upgrading the three-story office building at 17300 North Dallas Parkway in Dallas effectively closes out Bradford Opportunity Fund III. Bradford’s multimillion-dollar repositioning strategy will add a fitness center, outdoor tenant lounge, putting green and speculative suites to the property, which overlooks the 190-acre Bent Tree Country Club. Additional upgrades include modernizing the energy management system, chillers, cooling towers and security. 

JLL marketed the asset for the longtime owner, Silver Star Properties of Houston. Harmony Bank provided financing for the deal.