Banna Realty, LLC has finalized a deal for an office relocation off LBJ Freeway and the Dallas North Tollway. The space, located at 4901 LBJ Freeway, will serve as a corporate office for a local wholesale auto dealership. NAI Robert Lynn Principal Chad Albert represented the buyer in the deal. Susan Gwin Burks with Avison Young represented the seller. The move from the company’s previous Addison headquarters will provide a more spacious, convenient, and accessible location for employees with 49,504 square feet of space.
Despite challenges brought on by COVID-19, NAI Robert Lynn is still seeing a positive trend of office market transactions and office building acquisitions from its client base.
“The client tasked us with securing an office building to accommodate its accelerated growth over the last few years,” said Albert. “The objective was to pinpoint an office building that was well-located, satisfied current employee headcount, and provided the opportunity for additional expansion space for future projected hiring and growth. This particular property accomplished all of the above, along with an optimal location.”