Tower near Dallas’ Galleria is the latest to hit the for-sale market

A tower situated adjoining to Dallas’ Galleria buying groceries complicated is up for grabs.

The 13-story Galleria North II workplace high-rise is simply north of the Galleria Dallas buying groceries mall. The development is considered one of two workplace towers between Dallas Parkway and Noel Road.

Built in 1999, the virtually 308,000-square-foot high-rise was once renovated in 2018. It’s greater than 90% leased.

Tenants in the workplace development come with Merit Energy, Robert Half International and Clifford Fischer & Co.

Since 2015, the tower has been owned by way of Chicago-based investor RREEF. The development ultimate offered for an estimated $71 million.

CBRE Group is now advertising the assets on the market – considered one of a number of workplace constructions the industrial assets company is providing in North Texas.

Dallas-Fort Worth workplace development gross sales have slowed this 12 months on account of financing demanding situations. Meanwhile, D-FW workplace vacancies have risen on account of a slowdown in leasing.

One of the few space workplace constructions to exchange palms this 12 months is St. Paul Place in downtown Dallas. The Landmark Center in downtown’s West End District additionally offered.

The greatest workplace assets these days on the market in North Texas is the greater than 2 million-square-foot CityLine workplace campus in Richardson.