Dallas: Class A Energy Square office complex sold

DALLAS – GlenStar Properties teamed up with USAA Real Estate to buy the three-building Class A Energy Square development on North Central Expressway at University Dr.

The office buildings — which are located next to a commuter rail station — contain about 960,000 sf and have been for sale since last year.

The previous owners starting in 2012 spent more than $9 million upgrading the properties — the oldest of which dates back to the 1970s.

Tenants in the buildings include New York Life, Davaco and Stonegate Mortgage.

The new owners say they plan additional upgrades to the property that will further integrate the office space with retail and potentially and apartment building.

Read more at the Dallas Morning News.

Click DFW NewsTalk Texas or DFW Market Research for free data.