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DALLAS-Another piece of the Downtown Dallas skyline is coming to market: the 828,000-sf KPMG Centre. The 34-story structure is owned by an affiliate of Stamford, CT-based GE Pension Trust.

Though interviews couldn’t be obtained by publication time, GlobeSt.com has learned that the class A building at 717 N. Harwood St. will soon be shown to investment circles. The GE affiliate bought the former Maxus Energy Tower in May 2003. Its 2005 assessment by Dallas County is $52.1 million or just a fraction of what it’s likely to bring from institutional investment circles.

The tower, built in 1980, was renovated in 1997 and tweaked again in March 2002 when KPMG LLP signed a 182,000-sf lease, sparking a name change and $25-million, seven-floor makeover. The high rise, leased and managed by Trammell Crow Co., has 116,275 sf of direct space available and some small sublease blocks, according to the North Texas Commercial Association of Realtors’ database. The building directory includes several law firms, JPMorgan Chase Bank and the US Department of Justice.

The market debut, being handled by TCC’s capital markets group, is just the latest in a string of listings as owners feed off the appetite of deep-pocketed investors looking to seize on the opportunities of a rebounding market. As a result, Dallas clearly is on track for another record-breaking sales year. By midyear, Dallas sellers had reaped $727 million from 21 office building sales. Unlike years past, the sales profile has changed; it’s mostly core assets, with higher occupancies, more space and higher prices per sf for the exchange.

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