Las Colinas: 238,000-SF Canal Centre office sellsLas Colinas: 238,000-SF Canal Centre office sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=16382015-02-25T10:31:00Z2015-02-25T00:00:00Z

LAS COLINAS - The ten-story Canal Centre office building at 400 E. Las Colinas Blvd. has been purchased by California-based Libitzky Property Companies and Sunwest Real Estate Group of Dallas.

The 238,051-sf building in the Las Colinas Urban center was purchased from LaSalle Investment Management.

Canal Centre was built in the 1980s and recently remodeled.

“Canal Centre offered investors a favorable balance of long-term, in-place leases and multiple compelling opportunities for future income growth,” according to CBRE’s Eric Mackey. “Its location within a steadily improving submarket is also advantageous.”

Libitzky Property and Sunwest now have nine properties with 1.1 million sf of office space in the Dallas area.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/02/investment-partners-buy-las-colinas-office-building.html/Read more at {Source}

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