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TIER REIT Sells Centreport Office Center

133,000-SF, Two-Bldg. Office Complex Trades for $12.7 Million
February 23, 2018
TIER REIT (NYSE: TIER) trimmed its local holdings with the sale of the Centreport Office Center in Fort Worth, TX to an undisclosed buyer for $12.7 million, or about $95 per square foot.

Centreport Office Center consists of two 66,000-square-foot office buildings located at 14760-14770 Trinity Blvd. in the Grand Prairie submarket.

The Centreport sale comes on the heels of TIER REIT's disposition of 500 E. Pratt in Baltimore. The company is under contract to sell a third property, Loop Central in Houston, in a deal expected to close later this quarter.

James Mantzuranis and Jamie Jennings of Steam Realty Partners represented the seller in negotiations.

Please see CoStar COMPS #4144886 for more information on this transaction.
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