Posted Aug 30, 2018, 11:14 PM
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Join Date: Sep 2011
Location: Dallas
Posts: 2,221
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Dallas' landmark Cityplace Tower has a new owner with big plans for the high-rise
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The high-profile building on the edge of Dallas' Uptown district was acquired by Dallas' Highland Capital Management in one of the largest building sales in Dallas so far in 2018.
The 42-story Cityplace Tower on North Central Expressway is the tallest building outside of downtown Dallas. Built in 1987, the 1.4 million-square-foot high-rise has been owned since 2013 by Florida-based investor Parmenter Realty Partners and Angelo, Gordon & Co.
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"We hope to transform the surrounding area with our strategic renovations and improvements," adds Dondero. "Cityplace was designed to anchor an ambitious urban development, and we believe our plans will revitalize that vision."
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