GlobeSt.com - Sep 17, 2003 - DALLAS
7-Eleven Inc. has put its 1.4-million-sf world headquarters on the sales block in a bid to rid itself of an 87%-leased, 'non-core asset' and cash in on strong real estate investment appetite. The asset is assessed at $120.9-million.
The 42-story, multi-tenant Cityplace Center East at 2711 N. Haskell Ave., occupies a 10-acre block with four retail pad sites and an underground parking garage. The corporate giant occupies 482,000 sf on floors 29 through 41 plus a portion of the 42nd floor and the basement. 7-Eleven intends to stay put for the long term at an address that houses 1,000 of the corporation's workforce and 325 vendor partners.
Built in 1988 for 7-Eleven's predecessor, the Brazilian granite trophy has 180,700 sf or 13% of its space empty, according to the company. A bidding war is guaranteed, with the key location with easy freeway access to the north of the CBD and a 360-degree view of the city, a full-service conference center, cafeteria and 2,100-sf 7-Eleven concourse store.
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Thursday, September 18, 2003
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