City Office REIT, Inc. Acquires Office Property In Preston Center, Dallas For $133.5M

The office property located at 5960 Berkshire Ln in Preston Center, Dallas has been sold. The transaction took place on 12/09/2021. The property, with a total area of 173,000 square feet, was purchased by City Office REIT, Inc. The buyer's representative in this deal was James Farrar. The sale price for the property was $133,500,000, resulting in a price per square foot of $1,829.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $133,500,000
• Address: 5960 Berkshire Ln, Preston Center, Dallas
• Market: Preston Center, Dallas
• Buyer: City Office REIT, Inc. - James Farrar
• Square Footage: 173,000
• Price per Square Foot: $1,829

James Farrar, representing City Office REIT, Inc., played a crucial role as the buyer's representative in this office property transaction.