Fortis Pushes 2M-SF Plus of Trophies to Market

DALLAS-Promising to set a new high for sales in the city, Fortis Property Group has hit the market with 2.3 million sf of trophy space that it’s bought in the past 18 months. Given market conditions and the deal’s dynamics, it’s predicted the package could fetch $600 million.

A mid-November call for offers is planned for the 96%-leased space. Up for sale are Galleria Towers I, II and III, totaling 1.4 million sf, and a 1.5-acre tract for the proposed 288,000-sf Galleria IV in North Dallas; the 351,248-sf JPMorgan International Plaza III at 14241 Dallas Pkwy.; and NEC Corporate Center, a 526,000-sf single-tenant campus at 655 N. State Hwy. 161 in Irving.