Search Results

July 25, 2018  

German Shop Buying Dallas Offices

Union Investment Real Estate has agreed to buy a new office building in suburban Dallas from Granite Properties for $165 million.The 324,000-square-foot property, in Plano, Texas, is fully leased by Fannie Mae as its regional headquarters.At the $510/sf price tag, Union Investment’s initial annual yield would be 5.25%. The firm, Germany’s largest operator of open-end real estate funds, is advised by Metzler Real Estate of Seattle....

This article is free to subscribers of Real Estate Alert. If you are a subscriber, please sign in.

If you are not a subscriber, please complete the form below to purchase the article for $19.95.
First Name *
Last Name *
E-mail *
Card Number *
Expiration *
Card Code *
Address *
City *
State/Province *
Zip/Postal Code *

Purchase Article