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REA
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....


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