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One 18,000-square-foot training facility in Grand Prairie will house two flight simulators, the first Level D full-motion flight simulators in North America for Airbus H145 and H175 helicopters.
The Blackstone entity acquired the property in partnership with Roman Real Estate Holdings, Inc., according to NAI James E. Hanson, which brokered the deal on behalf of the buyer.
As managing director of investor services, Wollan intends to capitalize on technologies and data analytics capabilities, the shift toward more agile workplaces and the macro trends driving urbanization.
The purchase of Park Center fits with Innovatus' strategy to invest in strong growth markets across the United States, and further bolsters its footprint in Plano/DFW, a high demand and growing market.