A historic building in Dallas’ West End district has sold.
A venture headed by Slingshot Advertising CEO Owen Hannay bought the six-story Landmark Center at 1801 North Lamar Street, the Dallas Morning News reported. JLL brokered the deal.
It’s unclear what the Hannay venture paid for the 140,000-square-foot office building, but a $7 million loan from First Liberty Bank of Oklahoma helped finance the purchase, according to Dallas County records.
The Landmark Center was built in 1913 as a warehouse for General Electric, and it was converted into offices in the 1970s. The previous owner, Spear Street Capital, spent more than $7 million on renovations after acquiring the site in 2015, the outlet said. The building was just under 80 percent leased when it hit the market in November.
Hannay has invested in other historic West End properties, such as the 501 Elm Building and the Awalt Building on Market Street.
A number of landmark properties have hit the market this year in Dallas. The 65,000-square-foot Purse Building at 601 Elm Street, built in 1905, went up for sale in April, along with the 145-year-old, 20,000-square-foot building at 1815 North Market Street, which housed the Spaghetti Warehouse restaurant for decades.
The Kirby, a 17-story, 200,000-square-foot apartment building at 1509 Main Street, hit the market last month, and the historic Statler Hotel was listed just a few days later.
All of these listed properties are in the downtown area.
—Quinn Donoghue
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