Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Burgundy Tower, a 61,806-square foot office property located in Euless, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Cody Payne, an associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a fund manager. The buyer, a limited liability company, was also secured by Mr. Payne.
Burgundy Tower is a 61,806-square foot office building located at 1001 W. Euless Blvd in Euless, Texas. It is perfectly situated just off the intersection of Highway 10 and Industrial Boulevard, with traffic counts of over 50,000 vehicles per day, just half mile of Airport Freeway, one mile to Highway 121 and minutes from D/FW Airport.
The property was built in 1973 of masonry construction and situated on a 2.97 acre lot. The building consists of (29) office suites, with a mix of local and regional tenants. Burgundy Tower offers tenants great access and visibility with abundant parking, including a two story parking garage.
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com
