A Fresh Take on CRE

Dallas Deal Highlight: 16479 North Dallas Parkway Racks up Tenants

From time to time, we like to highlight recent deals from the CompStak database that we find interesting. We hope you will find the information helpful.

Bent Tree Tower II

16479 North Dallas Parkway Racks up Tenants

Bent Tree Tower II, an eight-story office building located at 16479 North Dallas Parkway in Addison, was bought out of foreclosure by Regent Properties in 2012. The building has seen a flurry of leasing activity over the past year following a major renovation. In December 2013, a combustion equipment manufacturer inked a 10-year, 20,762 SF lease in the building, with rent in the high teens PSF. The company's rent is in line with a community bank, which leased 4,696 SF early in 2013. A healthcare IT firm, along with construction consulting company, also signed leases in mid-2013, taking 3,238 and 12,911 SF, respectively. Both firms are paying rent in the high teens PSF.




View the Combustion Equipment Manufacturer Comp