PHOENIX-Cole Real Estate Investments has acquired two propertiesin Texas for a total of $67.5 million. The properties are theAT&T Regional Headquarters building in Dallas and the IglooProducts’ corporate headquarters, warehouse and distributionfacility in Katy, TX.
Both deals were all-cash transactions, and both were acquiredfrom USAA Real Estate. The AT&T Regional Headquarters buildingwas purchased for $29.4 million, while the Igloo property wasbought for $38.1 million.
Jack Fraker, vice chairman of CBRE, represented the seller inboth transactions, while Boyd Messmann represented Cole internallyas vice president of acquisitions.
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