Vanguard

Vanguard Arranges Sale of Office Building in Metro Dallas

by Haisten Willis

ROCKWALL, TEXAS — Vanguard Real Estate Advisors, a Dallas-based real estate advisory firm, has arranged the sale of the Rockwall Commons office building. The property is located in the Dallas suburb of Rockwall. Jordan Cortez of Vanguard marketed the asset on behalf of an affiliate of the seller, Tabani Group. Bowman Investment Group LLC was the buyer. The Class A property was built in 2008 in conjunction with the Rockwall Commons mixed-use development, which includes a 202-unit luxury apartment community and retail suites located along Ridge Road, 1.5 miles north of I-30. The building was 100 percent leased at the time of sale to a mix of national and local tenants. The buyer assumed an existing CMBS loan as part of the transaction.

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