Dallas' Iconic Galleria Sells to Piedmont Office Realty Trust
The iconic Galleria Office Towers, three class-A office buildings totaling approximately 1.4 million square feet, have sold to Piedmont Office Realty Trust Inc.
DALLAS—The iconic Galleria Office Towers have sold for an undisclosed purchase price. Piedmont Office Realty Trust Inc. purchased the asset.
The three class-A office towers totaling approximately 1.4 million square feet are located at the intersection of the Dallas North Tollway and LBJ Freeway (Interstate 635). Situated at 13355, 13455 and 13155 Noel Rd., Galleria Office Towers are at the interchange of central Dallas’ primary north-south thoroughfare, the Dallas North Tollway, and Dallas’ inner loop, LBJ Freeway.
The office towers feature tenant lounges and an extensive fitness center along with air-conditioned sky bridges. Additionally, as part of the 3.7-million-square-foot mixed-use development, the buildings have mixed-use integration with the 1.5-million-square-foot Galleria Dallas Mall and a 448-room luxury Westin Hotel. The property includes two parking garages and a 1.9-acre vacant land parcel at the north end of the 10.37-acre site.
JLL Capital Markets represented the seller.