PHOENIX-Cole Real Estate Investments has acquired two properties in Texas for a total of $67.5 million. The properties are the AT&T Regional Headquarters building in Dallas and the Igloo Products’ corporate headquarters, warehouse and distribution facility in Katy, TX.
Both deals were all-cash transactions, and both were acquired from USAA Real Estate. The AT&T Regional Headquarters building was purchased for $29.4 million, while the Igloo property was bought for $38.1 million.
Jack Fraker, vice chairman of CBRE, represented the seller in both transactions, while Boyd Messmann represented Cole internally as vice president of acquisitions.
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