Pillar Commercial, Hall Capital Buy One Bethany East
One Bethany East, a 120K SF Kaizen Development Partners office product in Allen, is in the hands of new owners.
As part of a joint venture, Pillar Commercial and Hall Capital purchased the two-year-old property, which sits adjacent to Watters Creek Convention Center and Delta Hotel by Marriott.
Pillar Commercial intends to move its own corporate office from Preston Center in Dallas to One Bethany East in the second quarter.
The transaction was finalized through the Pillar Real Estate Fund I, a fund that's in the process of scooping up office and industrial assets. One Bethany East is the fund's fourth investment.
Tenants inside One Bethany East include Credit Union of Texas, Boss Fight and the Allen Economic Development Corp. The property offers a fitness center, meeting space and a tenant lounge.
