Addison Building Sold To National Reinsurance Company
25 Oct, 2006, Dallas
Facility Will Become Firm’s Regional Office and Contact Center
SouthwestRE, recognized as one of the most knowledgeable organizations in the reinsurance arena, has purchased a 15,201 square- foot office building located at 15920 Addison Road in Addison, Texas. The company plans to use the facility for a regional office and customer contact center.
Rick Hughes, Noel Hutcheson and Stephen Lehn from the Dallas office of Cushman & Wakefield of Texas, Inc. represented SouthwestRE in the acquisition. Cash McWhorter and Scott Morse of Colliers International negotiated on behalf of the seller, Broadcast News Corp
The building, which was built in 1997, is a single-story office structure. Abundant parking, with a ratio of 8 per 1,000 square feet, and the Addison location, were the prime characteristics of the property that attracted SouthwestRE. The reinsurance company is currently leasing the facility back to Broadcast News Corp and will occupy the building in the coming months.
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.
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