Private equity firm Brookwood Financial Partners has purchased a 10-story, multi-tenant office property located in the Las Colinas development complex in Irving, Texas.
The building, known as The Embassy, is expected to receive more than $2 million in capital from Brookwood.
Constructed in 1982, the property contains more than 196,000 square feet of space and serves as in a preferred location for professional service firms, regional sales offices and back-office operations of national and regional corporate tenants. It
Plans to make improvements to the property, including renovations to the lobby, common area, hallways, elevators, bathrooms and entrances are currently underway.
Upgrades to The Embassy's landscape and mechanical systems are also expected to take place.