Colliers International Completes Sale of Emerald Plaza, a Class A Office Tower in Heart of Addison Submarket

7/26/16

Creighton Stark and Chris Boyd

The Colliers Dallas Capital Investment Advisory Services Team of Creighton Stark and Chris Boyd has successfully completed the sale of Emerald Plaza, an iconic office property located in the center of the in-demand Addison office submarket.

The building, consisting of 74,182 square feet of premium office space located directly on the Dallas North Tollway at Beltline, was constructed in 1985 and given a complete renovation in 2010. The seller, TriGate Capital, have been active in the Addison office submarket and looked to identify a buyer who could ensure that the building, with low vacancy rates and rising leasing rates, would continue to perform comparably to other notable office properties in the surrounding area.

Representing TriGate Capital, Stark and Boyd were able to quickly identify qualified buyers for the property and present their offers to the client. The buyer, Grander Capital Partners, submitted the winning offer and the transaction was finalized on July 19. The buyer represented themselves in the transaction.

About Colliers International Group Inc.

Colliers International Group Inc.(NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in Dallas-Fort Worth, follow@Colliers_DFW.

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