IRVING, TX- Parmenter Realty Fund III, sponsored by Miami-based Parmenter Realty Partners, has acquired VHA Place, a 326,000-square-foot, mixed-use building.

The fund nabbed the 13-story property out of foreclosure, buying it from Wells Fargo for less than $50 per square foot, or roughly $16 million. The class A- building was previously owned by San Diego-based Equastone, which bought it in 2006. Wells Fargo hired Eastdil’s Atlanta office to market the property, which is located at 220 East Las Colinas Blvd.

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