VELOCIS ACQUIRES 3131 MCKINNEY AVENUE IN UPTOWN DALLAS

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DALLAS — Velocis, a commercial real estate investment fund, and its investors have purchased 3131 McKinney Avenue, a 145,610-square-foot Class A office building in Uptown Dallas. The 13-story property is more than 90 percent leased. The property sits atop a six-story parking garage and its tenants have immediate access to West Village, the McKinney Avenue Trolley line and Katy Trail. The acquisition is Velocis' ninth purchase, bringing its total assets under management to more than $240 million. HFF represented the seller, a state pension fund advised by Lincoln Property Co., in the transaction. Lincoln will manage the asset, and James Esquivel, Jay Bailey and Clint Coe of Jones Lang LaSalle will handle property leasing.

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