Matthews™ Announces Off-Market Sale of Office Building in Texas
Irving, TX—Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of 5601 Executive Drive, an eight-story office building located in Irving, Texas. Matthews™ Senior Associate Jeffery Carr represented the buyer in the transaction.
The property, positioned in the heart of Irving’s Las Colinas submarket of the Dallas–Fort Worth MSA, was presented off-market by the seller. Matthews™ successfully identified a qualified buyer group that maintained a collaborative, solution-oriented approach to facilitate an efficient closing. Built in 1981 and renovated between 2022 and 2023, the 155,589-square-foot B-class office building has a five-year weighted average lease term (WALT).
“By utilizing our relationships and deep market expertise in DFW, we were able to identify the right buyer and work through each obstacle to achieve a successful closing,” Carr said. “Both sides were motivated and responsive, which made it possible to close quickly and on time.”
The sellers drove occupancy from 51 to 95 percent in a demanding market, positioning the asset for a strong sale. The buyer group plans to build on that success through continued investment and active management to further elevate the property.
For more information, please contact Jeffery Carr or visit www.matthews.com.
About Matthews™
Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
