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IRVING, TX-A trade show display company, setting a major expansion into play, has acquired a 210,000-sf office/warehouse from Dallas-based Invesco Real Estate. The building had been tagged for sale, but had yet to hit the market when the pre-emptive strike was made.

The Expo Group LP has paid right in line with market comps, roughly $40 per sf, to get the 10-acre asset at 5931 W. Campus Circle Dr. “We looked at several buildings in the market for about one year,” Brett Owens with Henry S. Miller Commercial in Dallas tells GlobeSt.com. “This was right because they could buy it. It was the right size and office component that they needed as well.”

The local buyer leases about 80,000 sf at 1740 Hurd Dr. and owns a 60,000-sf office/warehouse along Brenner Drive in Dallas. The consolidation move will take place in the fourth quarter, according to Owens.

The buyer plans to overhaul the 30,000 sf of office in the 27-year-old building and do minor upgrades to the warehouse area. Owens says that the find took one year because “at the time there wasn’t a lot out there” to meet the requirement for a large office to accommodate the headquarters and marketing teams. “They’re out of room and needed something they can expand into long term,” he adds. Jim Brice and Cannon Shoults with Holt Lunsford Commercial Inc. in Dallas represented Invesco.

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