Parmenter Realty Partners Sells Park Central 7-8-9 in Dallas, Texas

MIAMI--()--Parmenter Realty Partners, a leader in the commercial real estate industry, announced today the sale of Park Central 7-8-9 to an institutional investor for an undisclosed amount. Parmenter purchased the 845,919 square foot, Class A office complex in 2006 from a subsidiary of JP Morgan as part of its Parmenter Realty Fund III portfolio. The three-building complex is situated in the Park Central submarket of Dallas, at the intersection of Central Expressway and LBJ Freeway.

“During our ownership of Park Central 7-8-9 we made substantial capital investments in the three buildings’ aesthetics, interior finishes, and mechanical systems totaling approximately $7 million,” said Steve Bronner, Vice Chairman of Parmenter Realty Partners. “ParmenterGREEN, the sustainability division of Parmenter Realty Partners, also implemented comprehensive green building practices that earned each building a LEED Gold EBOM certification in May 2011.”

In addition to the three LEED Gold EBOM certifications, Park Central 7-8-9 won the 2009-2010 International TOBY Award in the Renovated Building category, is ENERGY STAR certified, and has BOMA 360 Performance Program designation.

Parmenter Realty Partners is a fully integrated real estate investment, management and development firm, headquartered in Miami, Florida, with three regional offices in Dallas, Atlanta and Washington, D.C. The company owns and operates high-quality office properties, and is actively involved in the expansion of its portfolio throughout its targeted markets.

For more information on this topic please visit our website at www.parmco.com, or contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.

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Contacts

Parmenter Realty Partners
Lyndelle Nieuwkerk, 305-379-7500
Email: mediarelations@parmco.com

Parmenter Realty Partners Sells Park Central 7-8-9 in Dallas, Texas (Photo: Business Wire)

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Contacts

Parmenter Realty Partners
Lyndelle Nieuwkerk, 305-379-7500
Email: mediarelations@parmco.com