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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