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.