Shorenstein lands $78M to buy Dallas office asset as deals ramp up; Renovated building was valued at $98.7 million in 2024

9/19/2024

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The Real Deal

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• Subcategory: Office: Urban

• Tag: Sale

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Shorenstein Properties, JPMorgan Chase & Co (NYSE: JPM)

Major investment sales are back in DFW. International Plaza II, a 15-story Class A office building in Far North Dallas, has changed hands. Shorenstein Investment Advisers bought the 388,000-square-foot property from New York-based investor Taconic Capital. JP Morgan lent the San Francisco-based buyer $78.3 million for the transaction, loan documents show. That’s almost $202 per square foot.