DALLAS--Gladstone Commercial Corp. is making the push into Dallas/Fort Worth, not to mention other Texas markets.
The McLean, VA.-based REIT has added to its DFW portfolio with the announcement that it has purchased 250 East Arapaho, a two-story, 155,984-square-foot, single-tenant office building in Richardson for an undisclosed amount at an average cap rate of 8.26 percent from Peloton Capital Partners LLC. CBRE represented the seller.
“We view the Texas economy as strong,” Buzz Cooper, senior managing director at Gladstone Commercial Corp., told GlobeSt.com.
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