CBRE INVESTORS ACQUIRES 1 MILLION-SQUARE-FOOT OFFICE PROPERTY

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ADDISON, TEXAS — CB Richard Ellis (CBRE) Investors has acquired The Colonnade, an approximately 1 million-square-foot, three-building office property located in Addison. The three buildings, named Colonnade I, II and III, are located at 15301-15305 N. Dallas Pkwy; they range from 12 to 16 stories and are connected by a three-story, vaulted glass atrium. Occupancy is at 75 percent. CBRE Investors is pursuing LEED certification for the property, as it is for all of its other Dallas-area properties. The acquisition price was not disclosed.

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