The Las Colinas office tower sold for $46.3 million. (KBS Real Estate)
KBS Real Estate Investment Trust said Monday that it has completed its purchase of the Tower on Lake Carolyn office building in Irving.
The 19-story, 364,366-square-foot Las Colinas building is more than 80 percent leased.
California-based KBS paid $46.3 million to buy the tower from CBRE Strategic Partners in a deal brokered by Eastdil Secured.
?We love operating top-tier properties in promising locations like the Las Colinas Urban Center,? Ken Robertson, senior vice president and asset manager of KBS Realty Advisors, said in a statement.
KBS now owns 11 properties in the Dallas-Fort Worth area with more than 3.3 million square feet.
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