ALLEN - Days after acquiring the 320,000-sf General Motors Technology Center in Austin, Gladstone Commercial Corp. closed on the 115,200-sf Allen Office Center in the far north Dallas suburb of Allen.
The Virginia-based REIT paid just over $15 million for the 100 percent leased asset. The two-story Allen Office Center was built in 1998 and has 57,600-sf floorplates.
The seller of the asset at 808 S. Central Expy. was listed as LSREF2 Windmill REO LLC, an entity of Hudson Advisors LLC, based in Dallas. The building is 100 percent occupied.
Read more at GlobeSt.
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