CBRE Brokers Sale Of Prominent $65M Dallas Tower

Law360, Houston (July 9, 2013, 8:02 PM EDT) -- A prominent 50-story Dallas office tower valued at more than $65 million was acquired Tuesday by Woods Capital Management LLC and Third Point Opportunity Master Fund on an all-cash basis, according to the deal’s broker, CBRE Group Inc.

The partnership picked up Thanksgiving Tower, which boasts 1.4 million square feet in the city’s revitalized central business district, for an undisclosed price five months after it was foreclosed on by Berkadia Commercial Mortgage, according to CBRE.

Senior Vice President of CBRE John Alvarado said in a statement...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.