RICHARDSON, TX-New York-based CapLease Inc. has bought a two-building office complex situated at the northeast corner of Campbell Road and North Central Expressway in Richardson for an amount of $46 million. The first building, which totals 203,000 square feet, is leased to a subsidiary of AT&T and the second building measuring 115,000 square feet is occupied by MetroPCS Wireless.
Paul McDowell, CapLease's chairman and CEO, said that the company acquired the two office buildings for about $144 per square foot. For the full story, go to Dallas Business Journal .
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