TIC investors grow holdings in Texas

Acquire massive office property

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Triple Net Properties LLC represented tenant-in-common investors in the recent purchase of a 199,500-square-foot office building in Irving, Texas. The value of the transaction was not disclosed. The property, Las Colinas Highlands, is a seven-story structure situated on approximately six acres of land and was constructed in 2002. At the time of sale, the property was 98 percent leased to major tenants that included Sky Chefs Inc. and Conexis Benefits Administrators. San Francisco-based RREEF, a national real estate investment advisor, was the seller. ...