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Dallas Ft. Worth's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The lease renewal, which extends through 2028, addresses the firm's largest lease expiration of 2022.
The investment generated a 15x multiple return for investors after a 10-year hold.
Between 10 and 25% of the total deal volume in Dallas was attributable to new investor entrants.
The REIT acquired a 95%-occupied, 205,000-SF shopping center for a purchase price that represents $190 per square foot.
Rapidly growing tech talent pipelines in Dallas, Atlanta metros are boosting record CRE investments.
GVA Management and Leste Group have purchased the class B, five-property portfolio and plan to implement $17 million in value-add renovations.
The firm has completed its final close for the venture, which will acquire more than $1.8 billion of multifamily properties across the US.
Clarion Partners LLC has provided the mezzanine loan to refinance a portion of the 110-property logistics portfolio.
The San Antonio, TX property sold for $53.8 million and the company expects to gain more than $12 million from the sale.
The firm has appointed two veterans to lead the division's efforts as executive manager directors and partners.