DALLAS – September 21, 2015 –CBRE Capital Markets announces the sale of Galleria Office Towers, a 1.4-million-square-foot, three-building Class AA office complex adjacent to the Galleria Mall, one of Dallas’ premier shopping destinations.
Located at 13355, 13455 and 13155 Noel Road, the property offers excellent freeway access at the northeast corner of the Dallas North Tollway and LBJ Freeway, which serves as a geographic center of economic activity for employees commuting from all directions of the Metroplex.
“This will likely be the largest office sale in DFW this year,” said Mr. Carr. “Galleria Towers is one of the most recognizable office projects in the Southwest and this acquisition reflects a strong commitment from institutional capital in the resurgence of the Lower Tollway Corridor.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.