ADDISON, TX—Fortis Property Group LLC, of Brooklyn, NY has acquired The Colonnade, a three-building, 1.05-million-square-foot office property which is 87 percent leased.
The Dallas Business Journal says the property has an estimated value of $200 million. The complex is located near the Dallas North Tollway and Arapaho Road.
Fortis awarded the property's leasing to Cushman & Wakefield of Texas Inc. and a spokesman for that firm told the Journal that Colonnade is one of the top quality buildings in the Dallas area.
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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.
