IRVING, Texas / TAMPA, Fla. --- Hold-Thyssen real estate services recently arranged the sale of 8600 N. Royal Lane, Irving, Texas, a 106,500 square foot office and R&D facility located in the Freeport Business Park immediately north of the Dallas-Fort Worth International Airport.
Richard Fisher, vice president of investor services at Hold-Thyssen handled the sale on behalf of the seller, one of the firm’s German based clients. Goldstar Investments, Ltd of Austin, Texas purchased the asset for an undisclosed price.
Fisher said a large number of investors were attracted to the property’s location, proximity to the DFW Airport, the quality of the tenant base and the stable operating history the property has demonstrated over the past 15 years.
The building, constructed in 1997 was 100 percent leased at the time of the sale with Siemens Real Estate occupying over 63 percent of the property. Hold-Thyssen had managed the asset for the past 12 years on behalf of their German client.