Union Investment Sells Texas Capital Center Office Tower In Dallas With JLL As The Broker

The transaction involved the sale of an office asset located at 2000 Mckinney Avenue in Dallas. The property consists of a 21-story office tower with a total square footage of 456,928. The seller, Union Investment, previously acquired the Texas Capital Center for $226 million in 2016. The sale price was not disclosed, but it was reported to be above its latest valuation.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed price above valuation
• Square Footage: 456,928
• Address: 2000 Mckinney Avenue
• Market: Dallas
• Seller: Michael Bütter - Union Investment
• Broker Representatives: Patrick Metzger & Mayer Brown - JLL

The deal was facilitated by brokers Patrick Metzger and Mayer Brown from JLL, who advised Union Investment throughout the transaction process. This transaction marks a significant change in ownership of the Texas Capital Center, now acquired by a U.S. investor.