Hartman XX to Buy Texas Office Building for $21.8 Million

Hartman Short Term Income Properties XX, Inc., a publicly registered non-listed real estate investment trust, signed an agreement to purchase Westway One in Irving, Texas for $21.8 million.

Westway One is a three-story, class A office building totaling nearly 166,000 square feet and located within the 110-acre MacArthur Park development. It sits adjacent to the MacArthur Marketplace retail shopping center and is within close proximity to a variety of amenities including restaurants, hotels and retail shops. Westway One is currently 100 percent occupied by six tenants.

As reported by The DI Wire last month, the company engaged WKW Advisors, an independent valuation firm, to assist in determining the estimated per share NAV and a fair value range of its real estate portfolio.

Hartman Short Term Income Properties XX is a Texas-centric REIT focused on value-add investing in office, retail, and industrial properties. The company currently owns 15 properties located in Dallas/Ft. Worth, Houston, and San Antonio. 

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