North Dallas Office Tower Sells to Granite Properties

Developer Granite Properties has purchased a North Dallas office tower.

Granite purchased the 13-story 8235 Douglas tower in Preston Center near the Dallas North Tollway.

The new owner plans to spend $1.5 million in upgrading the silver-glass office building, which was constructed in 1980.

Granite plans to add a customer lounge and conference and, good service and an outdoor seating area.

There will even be a putting green and golf simulator. An outdoor seating area is also being planned. The building is being renamed The Douglas.

“In Dallas and across the country, Granite has a reputation for investing in prime office spaces our customers can be proud to call home,” Greg Fuller, Granite Properties’ President and chief operating officer, said in a statement. “We’re really pleased to establish Granite’s brand in the Preston Center area and look forward to serving our new customers there.”

Granite bought the tower from Transwestern Investment Group.

Jonathan Napper and Michael McDonald of Eastdil Secured marketed the building for sale.