Monday, July 16, 2012

Partners Pick Up Tower in Planned Land Grab


DALLAS (GlobeSt.com) – As part of its plan to add more than a million sf to its investment portfolio in Texas, JP Realty Partners snapped up a North Dallas office tower. The Dallas-based investment fund acquired the 353,996-sf North Central Plaza III at 12801 N. Central Expressway. The 17-story tower, with its eight-level parking garage, was 45 percent occupied at closing. CBRE represented Los Angeles-based Younan Properties Inc. in the sale of the building.