Texas

DALLAS — CBRE has brokered the sale of Hidden Grove at 12404 Park Central, a 232,389-square-foot office building located in the Park Central area on Dallas’ north side. The Class A property was 99.8 percent leased at the time of sale. A partnership between Reserve Capital Partners and Trinity Private Equity Group purchased the asset from Red River Asset Management for an undisclosed price. John Alvarado, Gary Carr, Eric Mackey, Evan Stone, Jared Chua and Robert Hill of CBRE represented the seller in the transaction. Nora Hogan of Transwestern represented the buyer.  

IRVING, TEXAS — Cushman & Wakefield has negotiated a 152,086-square-foot office lease at 6011 Connection Drive within the Las Colinas district in Irving. Gartner Inc., a Connecticut-based technology research and advisory firm will occupy the entire building through 2034. Andy May, Matt Heidelbaugh and Amber Roberts of Cushman & Wakefield represented Gartner in the lease negotiations. Joel Pustmueller and Sarah Hinkley of Peloton Commercial Real Estate represented the landlord, Piedmont Office Realty Trust.  

PLANO, TEXAS — Washington, D.C.-based investment firm PRP LLC has acquired a 264,000-square-foot office building located at 7900 Legacy Drive in Plano. Situated within the 250-acre Legacy West development, the Class A property is fully leased to FedEx and serves as the company’s office and print services global headquarters. PRP acquired the asset in a joint venture with AXA Investment Managers — Real Assets, a subsidiary of French multinational firm AXA. Gary Carr, John Alvarado, Eric Mackey, Evan Stone, Jared Chua and Robert Hill of CBRE represented the seller, KDC Real Estate Developments and Investments, in the disposition of the asset.