Phoenix rises to $120M for Encana towerPhoenix rises to $120M for Encana towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89032012-11-29T15:43:00Z2012-11-29T07:00:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/headlines/20121128-new-encana-office-tower-fetches-120-million-in-sale.eceRead more at {Source}

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