DALLAS-Commercial Developments International Inc. has acquired Bluffview Towers, a 196,356-square-foot, class A office complex located in the Preston Center submarket.
The deal marks CDI’s return to the Metroplex, which it exited in 2004 when it sold 2100 McKinney. The New York City-based firm bought the two-building complex from a local investment group in an all-cash transaction for an undisclosed amount.
“We’re happy to be back in Dallas,” says Alan Kessler, president and CEO of CDI, adding that the firm has been investing in Texas for the last 20 years. “With competition so fierce and very little [product] out there, we were very fortunate we were able to secure this deal.”
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