CarrAmerica Realty Corp. has acquired Sherry Lane Place, a 286,426-square-foot, 20-story, Class A office tower in Dallas, the company said today.
CarrAmerica will have a 20 percent ownership position in the project, the company and its partners in the project said.
The price was not disclosed. The seller, an affiliate of Cottonwood Partners, will maintain a minority interest in the new entity.
Sherry Lane Place is located at 5956 Sherry Lane, just east of the Dallas North Tollway and a few blocks south of the Northwest Highway. The project is 85 percent leased to tenants including the Bank of Texas, Abby Office Centers, the Park City Club and Morgan Keegan.
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