Fort Worth’s Goff Capital Partners LP, in partnership with Long Wharf Real Estate Partners LLC, has closed on the purchase of 208 N. Market Street in the Historic West End District of downtown Dallas.
The brick-and-timber office building contains approximately 60,000 square feet of rentable space and features prominent retail on the ground level. The building is located directly along the DART light rail with the West End Station adjacent to the main entrance, providing great accessibility to Dallas’ mass transit system.
The group also purchased two surface parking lots totaling 137 spaces that serve the West End buildings and the downtown Dallas entertainment district. The parking lots are located at 211 N. Austin Street and 704-708 Ross Avenue.
In November 2015, the partnership purchased three office buildings in the Historic West End District totaling 182,844 square feet of office space. The purchase of 501 Elm Street, 211 Record Street and 800 Jackson Avenue, along with the latest purchase, are in an area that is seeing a lot of interest, according to a Goff Capital release. All four Historic West End District buildings were constructed in the early 1900s and have historic significance within the District. 208 N. Market Street was originally constructed in 1905 for the B.F. Avery & Sons Farm Implement Co.
Goff Capital Partners will engage Crescent Property Services LLC, a wholly-owned subsidiary of Crescent Real Estate Holdings LLC, to manage all four of the new properties while Peloton Commercial Real Estate will lease the office space and SHOP Companies will lease the retail space. Corgan, a leading architecture and design firm, will design common area and suite upgrades to address customer requirements for creative office environments that incorporate high-tech, flexible and open spaces.
“Technology, marketing and advertising firms were among the first to embrace creative office spaces,” said John Goff, managing principal of Goff Capital Partners, LP. “Today, our customers want unique office environments that include modern, comfortable open-office concepts.”