DALLAS – Vancouver-based City Office REIT Inc. has purchased the 2525 McKinnon office building at Cedar Springs and McKinnon St.
Built in 2003, the eight-story, 111,722-sf building is almost fully leased. Tenants include Retail Connection, Staffelbach, Hunt Mortgage Group, and Aramark Services.
Real estate brokers say the building sold for around $47 million, or over $400 per sf.
The high-rise was sold by Seattle-based Talon Private Capital, which had owned the building for four years.
HFF marketed the building for sale.
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