August 17, 2017 Comments Off on Entrada Acquires 7-Property Dallas Portfolio Views: 761 National News, Southwest, Texas News

Entrada Acquires 7-Property Dallas Portfolio

Los Angeles-based Entrada Partners acquired a seven-building office and industrial portfolio totaling 508,840 square feet in the Dallas-Fort Worth market.

The portfolio comprises six office assets and one industrial property, including:

  • Two Irving office assets, Counterpoint at Las Colinas at 8101 and 8113 Ridgepoint Drive and Sterling Tech Center at 7801, 7803 and 7805 Mesquite Bend Drive
  • Two Dallas office properties, Dallas Tech Center at 10005, 10015, 10025 and 10105 West Technology Blvd. and Westwood Business Park III at 1805 Royal Lane
  • One office property in Richardson, International Corporate Park II at 401, 403, 405, 407 and 409 International Blvd.
  • One Farmers Branch office property, Valwood XII at 13701 Hutton Drive
  • One industrial property, International Corporate Park III at 900 Alpha Drive and 500 Industrial Drive in Richardson

HFF’s De’On Collins worked on behalf of the borrower to place the three-year, floating-rate, non-recourse loan, with two one-year extension options with Bank of America Merrill Lynch.

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