COPPELL, TX-Chicago-based RREEF pushes ahead on an acquisition strategy, closing its second deal in two week in the Dallas region.

The latest deal is the 530,800-sf Coppell Business Center Phase II, a four-building mix of distribution warehouses and higher-end finish showroom space on 33.2 acres. The property is located near the intersection of Interstate 635 and Beltline Road.

“We’ve been very active recently because some interesting properties have come to market at very attractive prices,” Timothy B. Keith, RREEF’s vice president of acquisitions, told And, he confides he has two more DFW properties under contract in RREEF’s purchase pipeline, with closings expected in a week.

Keith says it’s the lure of the developing Dallas-Ft. Worth International Airport that is piquing RREEF’s strong interest in regional acquisitions. “Buying the right building in submarkets around the airport is important to us,” he says. The Coppell Business Center Phase II not only has the right location, but also is fully leased. “The location north of the airport and along Beltline Road will provide opportunity for strong long-term yield on the property,” assesses Keith.

The two high-end showroom buildings front Beltline Road and are complemented by a large parking area. Two state-of-the-art distribution centers are positioned to the rear of the showrooms.

Lincoln Property Co. had developed the acreage in 1998 and represented the seller, Coppell Business Center II Ltd., in the transaction. In the past two weeks, RREEF also has closed on the purchase of an office structure in Richardson’s Telecom Corridor.

RREEF manages $11.4 billion in pension fund real estate investments for more than 190 corporate, public and international clients. RREEF maintains 100 property management offices nationwide and acquisition offices in San Francisco, New York and Chicago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.