Sale past the horizon, major sale for Verizon

​IRVING – Telecom giant Verizon has sold its more than a 1 million-sf office campus in Irving for $344 million—one of the largest real estate deals in North Texas in 2016.

Verizon sold its 51-acre campus on Hidden Ridge Dr. near SH 114 to Chicago-based Mesirow Financial.

Verizon agreed to rent the offices for at least 20 years with the potential to stay even longer.

The campus Mesirow Financial bought was built in 1991 and is Verizon’s South Central Market headquarters.

The low-rise office complex houses more than 2,800 Verizon employees. The firm plans to increase the number of jobs in the complex to 3,500 by the end of this year.

Mesirow Financial said it plans to invest as much as $20 million in upgrades to the Las Colinas campus.​