Monday, July 09, 2012

North Dallas office tower changes hands


By: Steve Brown The Dallas Morning News
Dallas' JP Realty Partners has purchased a large office building overlooking the High Five freeway exchange in North Dallas.
The Dallas-based real estate investor acquired the 16-story North Central Plaza tower from California-based Younan Properties. It's just the latest in a series of building sales by Younan.
Built in the 1980s, the black and red glass tower at 12801 North Central Expy. contains more than 350,000 square feet of space.
JP Realty is a private real estate investor that controls more than 2 million square feet of properties – mostly office buildings in Texas, Alabama and Tennessee.
North Central Plaza will be its largest North Texas asset.