Sunday, December 30, 2012

Dan and Farris Wilks Acquired Advancial Tower in Dallas City

This time, Farris Wilks and Dan Wilks, two well-known business tycoons of Texas have made the acquisition of Advancial Tower located in Uptown, belongs to the city of Dallas. Advancial Tower is a ‘Class A’ office building placed at 17th story and has area of about 147,252 square feet. Both of these business tycoons have not disclosed the terms and conditions of the acquisition of the property. Central Appraisal District of the Dallas city has valued the property at a huge amount worth $16.25 million.

Greg Grainger is the RMD i.e. regional managing director of services division of real estate management at Colliers International. According to him, “Business tycoons have purchased the valuable property as part of their investment plans, so that they can buy some more real estate for coming future.” Greg Grainger has further given his viewpoints as, “Uptown is one of the profitable real estate markets, located in the city of Dallas. With this first acquisition, the business tycoons have aimed towards the finding of valuable asset for leveraging the people of Dallas towards improvement in the quality of assets.”

Other than this, billionaire brothers have made some other real estate purchases in the form of acreage belong to Montana. Ben Lurie, Creighton Stark and Jim Graham of Colliers International have represented the business tycoons in the real-estate business deal. Lastly, HHF has taken the responsibility of marketing the property on behalf of their sellers as Charter Holdings. 

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