Dallas-Fort Worth metroplex — TXRE bought Arlington Interlink during the post-pandemic office freeze, renovated it, raised rents and pushed occupancy to 95 percent before selling the building to Hielan Real Estate.
Dallas-based TXRE Properties has sold Arlington Interlink, a north Arlington office property it bought during the post-pandemic office freeze and nearly filled to capacity. The buyer is Hielan Real Estate. The price was not disclosed. TXRE said occupancy rose from 36% to 95% before the sale, and asking rents climbed from $16 to $24 per square foot.
TXRE’s play was simple. Buy a distressed office asset, spend money on it, and lease it to tenants that still need physical space. The roughly 80,000-square-foot property at 1701 E. Lamar Blvd. sits just off Interstate 30 and State Highway 360, near Arlington’s Entertainment District…