A Texas real estate fund manager has acquired the 11-story Davis Brown Tower on 10th Street in downtown Des Moines with a plan to primarily focus on cosmetic upgrades and filling vacant space that exists in the building, the firm’s founder said.
Woodside purchased the 13-story, 152,655-square-foot building from Healing Realty Trust, a Nashville-based company that primarily owns medical office buildings, for $7.225 million, Woodside founder Mark Horrell said.
The seller was represented by CBRE, and Riley Hogan, a senior vice president in the broker’s Des Moines office, said HRT sold the building as part of its focus on its medical facility portfolio…