RICHARDSON, TX—Three large office buildings formerly owned by Bank of America have been sold to Dallas area real estate investors, Champion Partners. The deal concluded this week, and the Dallas Morning News reports that Bank of America will continue to lease and occupy the buildings.
The properties are among a number of buildings around the country that Bank of America is hoping to sell. Terms of the deal were not disclosed.
“We took title to them yesterday,” Champion Partners managing partner Steve Modory told the paper on Wednesday. “It was a natural fit for us to go after them because it allowed us to consolidate the whole campus.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
