Private investor buys Greyhound Building in Dallas

The Greyhound Office Building at 15110 North Dallas Pkwy. in Dallas has been sold for the second time in four years.
The previous owner, a doctor living in Anaheim, Calif., sold the property to a local private investor this month who did not want to be identified.

Greyhound, the single tenant, has a lease with the 93,087-square-foot office building extending through 2012, but has already moved out of the property, leaving only its data center behind, according to Marcus & Millichap’s Ron Hebert, a senior associate and director of the firm's national office who handled the deal.

Hebert says the building has been on the market since December of last year. He sold the same building in June 2004.

The six-story office building is located at the northeast corner of Belt Line Road and the North Dallas Tollway.

The final sale price was not disclosed, but the property was listed for $10 million.
Greyhound previously moved its headquarters to the Patriot Tower, formerly Dallas One Center, on St. Paul Street in downtown Dallas. A spokesperson for Greyhound says the company already had operations in the Patriot Tower and decided to consolidate by moving the entire headquarters into one location.