Texas building acquired in 1031 exchange

Marcus & Millichap arranged the sale of the 80,104-square-foot Offices at Brookhollow in Arlington, Texas.

The value of the transaction was not disclosed.

A Dallas-based investment partnership sold the class A property to Meridian, Idaho-based Housing Inc. via a 1031 exchange.

The Offices at Brookhollow is located in the highly desirable North Arlington entertainment district, near Six Flags Hurricane Harbor, The Ballpark and the Arlington Convention Center. The sale includes 4.7 acres.

Occupancy was 95 percent at the time of sale by 12 tenants.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

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