WestMark Closes Sale of Historical Lubbock Landmark
August 13, 2014
LUBBOCK, TX – WestMark Commercial announced today it closed the sale of Lubbock's historical Federal Building located at 800 Broadway.
WestMark Commercial agents Karen Higgins, CCIM and Alison Blalock, CCIM were tapped by Lubbock County to market the Federal Building in a nation wide effort. Offers were received from all over the nation and ultimately the best buyer delivered. Built in 1932, this historic building with it's beautiful architecture, was used as the Lubbock Federal Building housing both the downtown Post Office and the federal courtroom until 1968. It was added to the National Registry of Historic Places in 1995. The 40,000 square foot building has many of it's original features including extensive marble flooring and staircase. The new owners, RGIS Broadway Development have not finalized plans on the renovation, but have said, apartments, hotel rooms, dining, and office space are all an option. The buyer completed a similar conversion of this nature in Tulsa, OK resulting in the luxurious and beautifully restored Mayo Hotel.
“It takes a very special person who has the vision and the resources to accomplish a project of this size and their resume is exceptional. The Mayo Hotel in Tulsa is the crown jewel of Tulsa and this buyers vision and expertise will finally provide something for which all of Lubbock can be proud,” commented Higgins of the buyers.
About WestMark Commercial
WestMark Commercial is the leading provider of commercial real estate services in West Texas. WestMark Commercial offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; development services; investment management; and research and consulting. As always, we remain client focused and results driven! For more information, please visit www.westmarkcommercial.com.
About The WestMark Companies
The WestMark Companies, made up of WestMark Commercial, WestMark, Realtors®, Pat Ham, Realtors®, and WestMark Property Management, is a family of real estate professionals providing services with exceptional value.
WestMark has earned an enviable reputation as Lubbock’s leading independent firm and our brand is a recognized institution in the Lubbock area. Making a positive impact with each person we encounter is a core value to the company. WestMark brings the resources of an entire organization, with over 80 Realtors, 15 assistants and staff, and a management team engaged in its daily operation.
WestMark’s position as a leading independent broker is recognized by The Leading Real Estate Companies of the World, the largest referral and relocation network in the world. Our membership in this organization assures our clients that quality standards are maintained year in and year out. For more information, please visit www.westmarkrealtors.com or www.westmarkleasing.com.
4105 84th St. Lubbock, TX 79423
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