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1900 Pearl Named “Best Commercial Property Sale” by D CEO Magazine

Savannah Durban • 3/27/2020
The sale of 1900 Pearl was named “Best Commercial Property Sale” by D CEO Magazine as part of its annual Commercial Real Estate Awards. Mike McDonald, Jonathan Napper and Katy Jane Jenevein of Cushman & Wakefield represented the sellers, Goldman Sachs Asset Management and Lincoln Property Company, in the transaction.

1900 PearlThe 25-story, 260,326-square-foot office building, situated in the heart of the Dallas Arts District, was purchased by the State Teachers Retirement System of Ohio in April 2019 for $180 million.

“The sheer amount of interest in 1900 Pearl was staggering,” McDonald said. “It broke the Dallas office sales record by almost $200 per square foot.”

In a year when a variety of Downtown Dallas towers were put on the market, 1900 Pearl stood out as a newly built, highly amenitized property in one of the city’s most desirable office locations. Built in 2018, the Class A building offers 360-degree views and includes a 14th floor amenity center featuring a court for basketball and yoga, a workout facility, wine lockers and luxury lounge space for cocktails and meetings.

1900 Pearl is home to several high-profile tenants, including Steward Health, Baker McKenzie and Maverick Capital.

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