PLANO - Cole Real Estate Investments has purchased the 12-story, 318,600-sf Encana Oil & Gas tower for $120 million. The Class A tower, located on the Dallas North Tollway in Legacy Business Park, is fully leased to Encana.
The purchase price — more than $375 per sf — is one of the highest paid recently for a local office property. The building at 5851 Legacy Circle was completed in October 2012
Phoenix-based Cole Real Estate owns 70.6 million sf of commercial real estate in 47 states.
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