Tier REIT buys 200,000 SF in Dallas’ Preston Center

DALLAS – The 5950 Sherry Lane office building has quietly changed hands.

Addison-based Tier REIT Inc. purchased the building which is in Preston Center. The nine-story 5950 Sherry Lane was built in 1999 and contains almost 200,000 sf.

The building is located on the east side of the Dallas North Tollway and Sherry Lane.

Preston Center is one of Dallas’ hottest office markets, with low vacancy rates and some of the highest rents in the city.