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.
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