Dallas-Fort Worth metroplex — TXRE bought Arlington Interlink during the post-pandemic office freeze, renovated it, raised rents and pushed occupancy to 95 percent before selling the building to Hielan Real Estate.
Dallas-based TXRE Properties has sold Arlington Interlink, a north Arlington office property it bought during the post-pandemic office freeze and nearly filled to capacity. The buyer is Hielan Real Estate. The price was not disclosed. TXRE said occupancy rose from 36% to 95% before the sale, and asking rents climbed from $16 to $24 per square foot.
TXRE’s play was simple. Buy a distressed office asset, spend money on it, and lease it to tenants that still need physical space. The roughly 80,000-square-foot property at 1701 E. Lamar Blvd. sits just off Interstate 30 and State Highway 360, near Arlington’s Entertainment District.
TXRE announced in 2022 that it had acquired the building and would reposition it as Arlington Interlink. Current marketing materials describe a renovated, late-1990s asset with upgraded common areas, on-site management and ample parking.
One tenant helps explain why the turnaround worked. In 2024, Munich-based Sportec Solutions established its U.S. headquarters in the building. Arlington officials said the move came with a $1 million performance grant through the Arlington Economic Development Corporation and was expected to create 17 jobs. Sportec, which supplies live match data and video assistant referee services, now lists Arlington Interlink as its U.S. address.
The Sportec move also highlights a local economic strategy. Arlington officials backed the headquarters with public incentive money, and the building sits in a corridor shaped by sports, hospitality and regional access. That combination points to a clear local strategy, use targeted incentives to widen the area’s economic base beyond game-day traffic.
Supporters argue this is exactly how local economic development should work by pulling in jobs and anchoring a high-value tenant in an office market many investors are still wary of. Critics might argue the public return is narrower than it looks, and that the same dollars might go farther in transit, housing or workforce development. Both sides have a valid point.
The deal also highlights a stark reality about the DFW office market, showing that the sector has not fully recovered. It proves that certain buildings can still succeed if the fundamentals are in place, like highway access, fresh capital, realistic scale, ample parking, and tenants with a practical reason to be there. This is a much more realistic scenario in a region where some Arlington office properties still face distress and Dallas leans heavily into office conversions to clear out excess supply.
For the buyer, this looks like a bet on one renovated asset with momentum, not a broad bet on the overall office market. For Arlington, it is another test of whether public incentives, the draw of the entertainment district, and private redevelopment can keep aging suburban office stock economically useful in a market that is still picking winners and losers.
