A landmark North Dallas high-rise property has sold to a local investor.
The mirrored gold Campbell Centre office towers on North Central Expressway have been a local standout since the buildings were constructed starting in the early 1970s.
The twin 20-story high-rises contain almost 900,000 square feet of office space.
Since 2016, the towers have been owned by a New York investor.
Now a company affiliated with Fenway Capital Advisors of California has purchased the buildings, according to Dallas County deed records.
Terms of the sale were not disclosed. The last time the buildings traded, they fetched more than $125 million.
“We are very excited about the acquisition,” Fenway Capital’s Patrick Tribolet said in an email. “We have plans for an extensive renovation of the buildings.
“They are iconic buildings in a fantastic location that frankly have lost some of their luster over the past couple of real estate cycles,” he said. “Our plan is to bring some of that back and reestablish the buildings as some of the best in their submarket and create a work environment that the tenants can be proud of.”
Campbell Centre was one of the first Dallas developments to use mirrored glass.
The first tower was built in 1972 using glass with a microscopic coating of real gold. The second building was added in 1977.
The adjoining DoubleTree hotel is under separate ownership and was added later.