DALLAS--PM Realty Group (PMRG) has acquiredOne Hanover Park, an eight-story,195,894-square-foot class A office building located in NorthDallas. CBRE's Eric Mackey, GaryCarr, John Alvarado and RobertHill arranged the transaction on behalf of the sellers, apartnership between Cawley Partners andStockbridge Capital.

“One Hanover fits our strategy of buying A-qualityproperties with value-add returns in markets where PMRG hasextensive operating experience," JohnDailey, executive vice president ofinvestments at PMRG, told GlobeSt.com. "The Dallas/Fort Worth metroplex office marketwill continue to show improvement as companies are attracted tothe business-friendlyenvironment with relatively lower business costs and awell-educated labor force."

One Hanover, built in 1998, is prominently located along theDallas North Tollway. The building is 82.2 percent occupied, andlast year saw positive leasing and renewal activity there. Floor plates at the building average about 25,000 square feet.