GAEDEKE BUYS 351,683 SF MILLENNIUM TOWER IN DALLAS
ADDISON, TEXAS — Gaedeke Group LLC has acquired the Millennium Tower, a 351,683-square-foot office asset in the suburb of Addison, part of the Far North Dallas submarket. Developer Wynn Jackson completed the 14-story structure and adjacent seven-story parking garage, located at 15455 N. Dallas Parkway, in 2000. It will be 97.8 percent occupied as of January, and General Electric subsidiary Dresser Inc. is the largest tenant, occupying 44,115 square feet. KBS Realty Advisors sold the LEED-certified building after investing approximately $1.6 million in capital improvements since 2009. Gary Carr, John Alvarado, Eric Mackey and Robert Hill of CBRE marketed the property on behalf of the seller. Belinda Dabliz of Gaedeke will handle leasing going forward, while Debra Spears is responsible for on-site management.