The building was completed in 2000, the company said, and hasparking for 900 cars. The facility is fully leased, a companyspokesman tells He refused further comment.


The transaction was made in the Santa Fe submarket of the city,the company said in the statement. "Many multinational companieshave chosen the area for their headquarters because the availablespace is exclusively new and comprises large units," the companysaid.


Union mostly owns properties in Germany. However, there arenumerous overseas holdings by the company, including four otherproperties in Mexico City. Most recently, the firm acquired the233,000-sf Paseo Del Mar office building in San Diego for $148million from KBS Real Estate Investment Trust in early August.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.