German investor buying Uptown office tower in record dealGerman investor buying Uptown office tower in record dealhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=140672016-08-04T05:00:00Z2016-08-04T16:00:00Z

​DALLAS – ​​German investor​ Union Investment Real Estate is buying the 2000 McKinney Ave. tower for over $220 million, or more than $500 per sf.

The sale could set a record for per-sf office purchases in North Texas.

The 21-story, 442,355-sf office tower has been on the market since earlier this year. The nine-year-old building overlooks Klyde Warren Park and is almost 98 percent leased.

Eastdil Secured marketed the high-rise on behalf of the owners, Lincoln Property​ and a foreign investment group. Metzler Real Estate of Seattle advised the buyer.

McKinney Ave. is the priciest street for office real estate in the region and the ten​th most expensive address for a central business district in the nation.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20160809-german-investor-completes-possible-record-purchase-of-uptown-dallas-building.eceLast Updated 8/9/2017 1:33 PM​Read more at {Source}

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