After 50 years of accumulation, Dallas businessman David Gibson has sold all 17 buildings near Fair Park. The 400,000 square feet of properties are 97% leased to small businesses, artists and residential tenants. Prior to the sale, many commercial buildings were converted into mixed-use properties with some dating back to the 1920s.
August Real Estate purchased the portfolio and plans improvements for some of them including repurposing a landmark Continental Gin building from 1888 into office and retail space as well as renovating a former Trunk Club building at 333 First Ave., now leased as office space. Southside Bank financed part of the purchase while Adam Mengacci from Institutional Property Advisors sourced debt for it.
This major acquisition marks an exciting milestone in Exposition Park’s history that will bring new life to these historic structures in Dallas’ vibrant community landscape
