Bradford Commercial Real Estate Services Finalizes Major Office Sale in Northeast Dallas

GARLAND, Texas — After an extensive three-year negotiation process, Bradford Commercial Real Estate Services has successfully closed the office sale of 1014 Main St. in northeast Dallas.

1014 Main Street Office Building Sale

The office building, part of Garland's historic downtown, encompasses 5,130 square feet on a half-acre lot, complete with 28 parking spaces—a premium feature for an infill site in such a bustling district.

"Neither side expected it to take this long. I'm just glad it's closed," says Kyle Espie, Market Director of Dallas-based Bradford Commercial Real Estate Services. He, along with Brian Pafford, Executive Vice President and Managing Partner, represented the seller, Exchange Resource Group LLC.

Espie added insight into the transaction’s complexity and value, stating, "The asset sold for really close to the original price despite the delay. We actually had several back-up offers because of this property's location." This demonstrates the strong market demand for well-situated office spaces in Dallas.

The office project, one of the largest tracts in the area to hit the market in recent years, drew significant attention due to its prominent location and substantial lot size. These factors, along with limited downtown parking availability, made it a highly sought-after property. Bob Charles of Texas Premier Realty LLC represented the buyer, who financed the acquisition through Veritex Bank.

1014 Main Street Garland Office Building Sale

Situated between 10th and 11th streets, the Class B office building offers a Walk Score of 72 and proximity to retail, restaurants, and a transit stop. Built in 1985, the building was fully renovated in 2021, making it an attractive modern workspace.

The new owner, Involved for Life Inc., a Dallas-based women’s healthcare ministry, is set to occupy the building in May, using it as a regional office. The renovated interior includes a spacious lobby, six private offices, a conference room, break space, restrooms, and storage area, making it ideally suited for their needs.

May 9, 2024

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