Transactions - SEPTEMBER 21, 2015

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CBRE buys 1.4msf Dallas office complex

by Andrea Waitrovich

CBRE Strategic Partners U.S. Value 7 has acquired a three-property office portfolio in Dallas. The Galleria Towers complex totals more than 1.4 million square feet. Terms of the transaction were not disclosed; however a local Dallas media outlet reports the sales price to total more than $300 million.

Galleria Towers is located at 13355, 13455 and 13155 Noel Road, adjacent to the Galleria Mall, one of the city’s premier shopping destinations.

CBRE Global Investors plans to invest heavily in the property, including conference facilities, a fitness center and enhanced onsite tenant amenities in each building.

CBRE Strategic Partners U.S. Va

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