TXRE Properties Sells Arlington Interlink Building to Hielan Real Estate

Why It Matters

The transaction demonstrates how strategic renovations can dramatically improve occupancy and rent, making suburban office assets attractive to institutional investors despite broader market uncertainty.

Key Takeaways

• TXRE raised occupancy from 36% to 95% after renovation
• Rents increased to $16‑$24 per square foot
• Hielan secured $10.5 million loan for purchase
• 83,050 sf office near Arlington entertainment hub
• Renovation completed 2025 boosted professional services tenant mix

Pulse Analysis

The Arlington Interlink, an 83,050‑square‑foot office complex built in 1999, sits at the nexus of major highways and the Arlington Entertainment District, making it a strategic asset in the Dallas‑Fort Worth market. TXRE Properties, which acquired the building from Rainier Capital in 2022, leveraged its value‑add playbook by modernizing the two‑story campus and repositioning it for higher‑grade tenants. The sale to Hielan Real Estate underscores how well‑located suburban office parks continue to attract institutional buyers despite broader office‑space volatility.

Renovation work completed in 2025 drove occupancy from a modest 36 percent to an impressive 95 percent, while rental rates climbed to $16‑$24 per square foot. The tenant roster now leans heavily toward professional services—law firms, accountants, and consulting practices—reflecting the building’s upgraded amenities and proximity to corporate headquarters and entertainment venues. This performance illustrates the potency of targeted capital improvements in unlocking hidden cash flow, especially in markets where demand for flexible, well‑served office environments remains resilient.

Hielan Real Estate financed the acquisition with a $10.5 million loan from Plains Capital Bank, signaling lender confidence in the asset’s stabilized cash stream. The transaction adds to a growing pipeline of secondary‑market office deals in North Texas, where investors are prioritizing properties with proven occupancy and rent growth over speculative new construction. As firms continue to recalibrate space requirements post‑pandemic, assets like Arlington Interlink offer a blend of location, upgraded infrastructure, and immediate income, positioning them as attractive components of diversified CRE portfolios.

Deal Summary

Dallas-based TXRE Properties sold the Arlington Interlink office building in Arlington, Texas to Hielan Real Estate. The 83,050‑sq‑ft property, renovated by TXRE, was transferred after increasing occupancy, with Hielan securing a $10.5 million loan to finance the acquisition.