international plaza

August 12, 2016 Comments Off on Crescent Real Estate Snags 354K-SF on Dallas North Tollway Views: 397 Dallas-Fort Worth, National News, Southwest, Texas News

Crescent Real Estate Snags 354K-SF on Dallas North Tollway

Dallas-based Crescent Real Estate and partner Long Wharf Real Estate Partners LLC of Boston have struck a deal with KBS Realty to acquire International Plaza III, a 354,182-square-foot, Class A office building in Farmers Branch, TX. The 13-story building at 14241 Dallas Pkwy. was built in 2002. The property is part of the International Plaza office complex, located on the Dallas North Tollway, just north of the Galleria Dallas.

The sales price was not disclosed. The Dallas Central Appraisal District assesses the property at $59 million. Jack Crews with Jones Lang LaSalle brokered the transaction. KBS, headquartered in Newport Beach, CA, had acquired the asset in 2008.

All Texas. Every day, direct to your inbox. Beginning Sept. 19. Sign up here to receive Connect Daily Texas.

Read More at Dallas Morning News

Connect with Crescent Real Estate

Connect with JLL’s Jack Crews

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.