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Texas  + Dallas-Fort Worth  + Office  | 
Grapevine Office

Grapevine Office Generates Multiple Competing Offers

Grapevine Office, a 25,133-square-foot office property located in Grapevine, recently sold to a private investor. The price was undisclosed. The asset is located at 4101 William D Tate Ave. in the high-growth suburban corridor of Grapevine/Southlake/Colleyville.

Cody Payne, senior vice president in Colliers International Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was also secured by Payne.

“We were able to generate a tremendous amount of interest on this building not only from in state but there were a number of out-of-state investors and funds that competed on this deal,” Payne says. “Investors loved the historical occupancy and that Century 21 had been in the building for over a decade.”

This project was 100 percent occupied at closing, sold at asking price and had a quick list to close timeline. The property was secured by long-term triple-net tenants.

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Cody Payne

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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