Press Releases
Marcus & Millichap Facilitates Sale of Office Asset in Dallas-Fort Worth Metroplex
December 17, 2024
IRVING, Texas, Dec. 17, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Corporate Park Place, a 113,429-square-foot office building in Irving, Texas.
"Corporate Park Place attracted significant investor interest, receiving multiple offers and ultimately selling to a 1031 exchange buyer with no retrades," said Ron Hebert, senior vice president investments. "Investors recognized its potential for long-term returns, driven by its exceptional location and access to key transportation hubs.”
Ron Hebert and Joseph Jaques, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer, a local 1031 exchange investor, in an all-cash transaction.
Located at 1333 Corporate Drive, Corporate Park Place is a Class B, multi-tenant office building situated on 6.08 acres. Built in 1980, the property includes 52 office suites with flexible layouts. It is just off the President George Bush Turnpike, two miles from DFW International Airport, and minutes from the Toyota Music Factory.
"Corporate Park Place attracted significant investor interest, receiving multiple offers and ultimately selling to a 1031 exchange buyer with no retrades," said Ron Hebert, senior vice president investments. "Investors recognized its potential for long-term returns, driven by its exceptional location and access to key transportation hubs.”
Ron Hebert and Joseph Jaques, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer, a local 1031 exchange investor, in an all-cash transaction.
Located at 1333 Corporate Drive, Corporate Park Place is a Class B, multi-tenant office building situated on 6.08 acres. Built in 1980, the property includes 52 office suites with flexible layouts. It is just off the President George Bush Turnpike, two miles from DFW International Airport, and minutes from the Toyota Music Factory.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
