Brookdale Group Named Buyer of 777 Main

Cousins Properties closed its $167M sale of 777 Main in Fort Worth to Atlanta-based Brookdale Group, a Cousins spokeswoman tells us. We told you about the deal last month, but no buyer or price tag had been released. Brookdale is no stranger to the Metroplex as the owner of The Towers at Williams Square (1.4M SF in Las Colinas), which it purchased in 2012 from TIAA-CREF. Brookdale also owns almost three acres in the Legacy area along the Upper Tollway in Dallas. 777 Main (980k SF) was purchased by Cousins as part of a $1.1B portfolio deal from Crescent Real Estate Holdings in July 2013. The 75% occupied office tower is valued at $120M by the Tarrant County Appraisal District.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

How Terrell Is Transforming Into A DFW Aerospace Powerhouse