By | May 15, 2019

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Instead of a Dallas city limits sign, maybe we need to put up one that says "For Sale."

Every week, I report on more big commercial real estate deals hitting the market in North Texas — more big projects offered to buyers than at any time in years.

This week’s new property listings include Dr Pepper’s longtime headquarters in Plano and a Telecom Corridor office campus.

The 2400 Glenville office project for sale in Richardson was purchased five years ago by an investment group that poured millions into the buildings to spruce them up. Now, with the property more than 90 percent leased, the owners have decided to take their profits and offer the choice asset for sale.

The buyer will likely be an intuitional or offshore investor who wants a solid income stream and the potential for further appreciation in one of the D-FW area’s top office markets.

That’s the case with a lot of the real estate that’s come to market in North Texas during the last couple of months. Investors who acquired big properties a few years ago are looking to turn the asset and redeploy the capital somewhere else.

Three downtown Dallas skyscrapers that are up for grabs have had upgrades that make them more attractive to office tenants.

The owners have to be thinking that this is a great time to sell.

The real estate cycle and the overall economy are at the top of their cycles, and there is no guarantee how long the good times will last.

Experience says that this late in the real estate game, we are closer to a downturn than another uptick.

So it’s a fine time to sell — or risk having to hold on to your property longer than expected if the economy softens.

The good news is that there are tons of investors and billions in capital looking for deals in Dallas real estate. D-FW is still one of the country’s fastest-growing employment markets, with 110,000 new jobs in March compared with a year earlier.

And last year we led the country in population growth with a more than 140,000-person increase.

If you’re going to sock away money in commercial real estate, it’s tough to find a market with more potential for gains than D-FW.

The folks hoping to sell all this real estate are betting that’s a compelling story.

The 2400 Glenville office campus in Richardson – formerly home to Verizon – is the latest big property to hit the market in D-FW.

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