| For sale: Great CBD location, roomy with 1.3M SF. Class B, built in 1965, ground lease. Empty. Asking price of $19M. Located at 1401 Elm, Elm Place (bordered by Elm, Pacific, Akard and Field Streets with the Akard DART Station adjacent to the north) was vacated earlier this year and is now being marketed by Colliers International. The 52-story building is prime for multi-use redevelopment offering superior corporate identity and location for retail and residential, says Collier's David Glasscock, who is listing the site with colleague Marisa Schroeder. David says it's ideally suited for residential conversion due to its shallow bay depths, according to a study performed recently by Merriman and Associates. |
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