Beleaguered Houston REIT Sells Another Dallas Office Building Amid Bankruptcy Proceedings
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A Dallas-based investor will pay $12.5M for Westway One at 1707 Market Place Blvd. in Irving. The 170K SF building was most recently valued at $20.6M. “I believe that the debtor is unlikely to receive a higher or better offer, the purchase agreement represents the best offer obtainable at this time and under current market conditions,” Hartman SPE President David Wheeler said in a bankruptcy court filing.