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

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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.

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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.

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