Thursday, August 27, 2015

259,000 Square Foot North Loop 101 Business Center Sells for $41.75 Million

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Los Angeles-based Regent Properties is the new owner of the North Loop 101 Business Center located at the southwest corner of 7th Avenue and the 101 Freeway. The 259,142 square foot office sold for a price of $41.75 million or $161 per square foot, and was funded by a $29.5 million loan with Compass Bank.

The North Loop 101 Business Center consists of three single-story buildings built 2000 and one two story building built 2006. Current tenants include Peter Piper Pizza regional headquarters, Continental Dental Laboratory, Maldonado Medical, and Aviation Communication.

For more information on this property including complete history and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!


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