IRVING, TX—KBS Real Estate Investment Trust II,has entered an agreement to sell the 400,000 DallasCowboy's Distribution Center, an asset it began marketingearlier this year.
According to a recent 8K filing with theSecurities and Exchange Commission, an agreementwas reached with Invesco Advisers, Inc., on May20, with a sale price listed at $22.3 million.
In March, GlobeSt. reported that KBS hadmade a deal with CBRE for the marketing of the property, at 2500Regent Boulevard. The single-tenant logistics facility is on a 21.2acre ground lease parcel. It was acquired by KBS in July of2010.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
