Transwestern’s Casey Tonget and Theron Bryant represented the buyer, FTW Investment Group, who purchased the 70,000 square foot 3880 Hulen building. The sales price was not disclosed.

Transwestern’s Gibson Duwe believes the limited supply will help the investment, “…we expect rental rates in the west side office market to climb with new construction coming online. This asset was one of the few office buildings of this size available on Hulen and we’re excited new ownership saw its potential.”

Veritex Community Bank is the anchor tenant of 3880 Hulen. The new owner will also occupy space in the building and is planning property updates.