Abrams Centre acquired for $61 a square foot

GERA Abrams Centre LLC, a wholly owned subsidiary of Grubb & Ellis Co., recently purchased a 326,000-square-foot office building in Dallas, Texas, for $20 million.

Abrams Office Center Ltd., a Texas limited partnership, was the seller.

The subsidiary's current intention is to hold the property for future sale to Grubb & Ellis Realty Advisors Inc., according to a press statement, although no sales arrangement currently exists.

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