HPI picks up 400K sf of office space in Preston Center

DALLAS – HPI Real Estate Services & Investments has teamed up with Bandera Ventures to purchase the three-building Douglass Center office property at 8333, 8343, and 8303 Douglas Ave.

Totaling about 400,000 sf, the buildings include the:

• 16-story tower that is 75 percent lea​sed to BBVA bank;

• seven-story, 140,000-sf building that is 80 percent leased to tenants including JLL; and 

• 4,000-sf bank building. 

The buildings were sold by Lionstone Investments on behalf of the Oregon Public Employee Retirement System.​

JLL brokered the purchase. Financing was provided by PGIM Real Estate.

HPI will oversee leasing and marketing.

The Real Estate Center has more on DFW’s office market:

• Dallas-area office news​
• ​​Texas Quarterly Commercial Report