Today, Parmenter Realty Partners announced the acquisition of 7557 Rambler Road in Dallas, Texas. This is the eighth investment in the company's fund. The 14 story office building acquired by Parmenter measures 310,771 square foot and is located near Greenville Avenue in the Central Expressway submarket of Dallas.
The Central Expressway submarket is positioned to experience near term growth from rentals said Senior Vice President Thom Ridnour of Parmenter. He added that the occupancy rising rental rates for the submarket are directing tenants into the central Expressway corridor.
The investment at 7557 Rambler would attract tenants that are seeking quality occupancy experience. The building has convenient access to the Park Cities, Lake Highlands and Preston Hollow neighborhoods.
Parmenter Realty Partners is a real estate investment management and development firm. It is headquartered in Miami Florida with regional offices in Dallas, Washington DC and Atlanta. Parmenter operates a series of institutional investment funds focused on the southern and mid-Atlantic regions of the country.
Join the Conversation