Texas + Office | January 5, 2021

Colliers Team Arranges Dallas Office Sale

Colliers International’s Capital Markets Team of Creighton Stark and Chris Boyd facilitated the sale of 7920 Belt Line Rd., an 11-story multi-tenant office tower located at the southwest corner of Belt Line Road and Coit Road in Dallas.
The 190,830 square-foot building was sold by Pillar Commercial and Blue Vista Capital Management to Uhalt Investments for an undisclosed amount. The sale included an adjacent medical pad site for potential future development.

“We have owned 7920 Belt Line since 2007 through a series of different joint venture partnerships,” said Manny Ybarra, CEO of Pillar. “The tenant roster is made up of exceptional businesses and we are confident that Uhalt Investments will have much success with this asset.”

Built in 1983 with approximately $2.3 million of recent cosmetic and mechanical upgrades, 7920 Belt Line features a prominent North Dallas location, ample structured and surface parking, on-site security and management and conference center.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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