Lincoln Property Company Southeast (Lincoln) recently brokered the sale of a 10,000-square-foot office building at 3754 LaVista Road in the Northlake Commons office development for $710,000. The sale was facilitated by Chip Sipple and George Gwaltney of Lincoln.

The two-story building, is 100-percent leased by four tenants. The building is situated directly on LaVista Road, giving it excellent visibility to more than 20,000 vehicles per day.

“Northlake Commons is a convenient location in a quality office park development which made it a great investment,” said Lincoln’s Sipple.

Lincoln recently executed two new leases in the building prior to the sale to help stabilze the rent roll. The office building caters to the mostly professional service firms for tenants living in close promxity to the office park. With improving amentities and solid demographics, the building and Northlake Commons made for an excellent investment for the new buyer.

About Lincoln Property Company

Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 250 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.