Press Releases

Transwestern Represents Reserve Capital Partners in the Disposition

May 04, 2022


DALLAS – Transwestern Real Estate Services (TRS) announces Long View Equity has purchased 15150 Preston Road and 6009 and 6029 Belt Line Road, a three-building, 111,286-square-foot office complex in Dallas, Texas. Transwestern’s Steve Simon, Steve Rowland and Chris Lipscomb represented the seller, Reserve Capital Partners, in the transaction. Situated at the northeast corner of Preston Road and Beltline Road in North Dallas, the complex sits on nearly six acres of heavily landscaped land. 

“Located at a very well-known North Dallas major intersection, Preston Grove has superb access to decision-makers, employees and project visitors in all directions,” said Rowland. “This strategic address has created the opportunity for Long View to mark surging rents to market rates and grow occupancy in a tightening submarket.”

With proximity to North Dallas’ premier shopping and dining destinations and walkable amenities, the property features card key access, underground parking and a spacious green scape.

“Long View Equity is actively pursuing acquisition opportunities across office, industrial and retail asset classes in major Texas markets,” said Dan Fricks, Analyst at Long View. "We are optimistic about the long-term value of these office buildings and are confident that they will be a great value option for small and mid-sized office users in the Lower Tollway submarket."

Photo available for download here.

 

About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.

The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.

Media Contact:
Collin Burwinkel
972.774.2531
713.253.2334
collin.burwinkel@transwestern.com
twmediarelations@transwestern.com

Steve Simon

Senior Director

Dallas, Texas

(972) 774-2581

Steve Rowland

Senior Vice President

Dallas, Texas

(972) 774-2543

Chris Lipscomb

Senior Vice President

Dallas, Texas

(214) 237-5022