Al Hartman REIT Buys Dallas Building, Market briefs

In Dallas, An affiliate of Hartman Short Term Income Properties XX, a Texas-centric Real Estate Investment Trust based in Houston, purchased the Westway One office building in Irving, near Dallas.

Westway One is a 165,982-SF office building located just off Lyndon B. Johnson Freeway. The building is 100 percent leased with Lennar Corp. as a major tenant.

“Westway One was purchased at a discount to replacement cost and provides our investors a stable stream of rental income with quality tenants,” said Al Hartman, Hartman CEO.

Kurt Cherry, Brittany Ricketts, Shea Byers, and John Dailey with PM Realty Group represented the seller. David Wheeler, Russell Turman, and Julian Kwok represented Hartman.

June 15, 2016