JLL COMPLETES 1.4 MILLION-SQUARE-FOOT OFFICE SALE

by admin

DALLAS — Jones Lang LaSalle (JLL) has brokered the sale of Galleria Towers I, II and III in Dallas. The Class A office buildings are located at 13355 Noel Rd. and total 1.4 million square feet. The towers range from 24 to 36 stories and adjoin the Galleria shopping mall and the Westin Galleria Hotel. Building amenities include conference facilities, a fitness center and an independently operated day care center. Occupancy is currently at 98 percent. John Alvarado, Jack Crews, Evan Stone and Kelly Branum of JLL represented the seller, Brooklyn-based Fortis Property Group. The property was acquired by Los Angeles-based Cannon Commercial. Terms of the transaction were not disclosed, but the deal was estimated to be worth more than $300 million.

You may also like