Hillwood Development Co. Acquires Office Portfolio In Irving From UBS Realty Investors

The portfolio of four office buildings, totaling approximately 518,000 square feet, in Irving, Texas, was acquired by Hillwood Development Co. affiliates from UBS Realty Investors. The properties are primarily located in the Freeport Business Center near Dallas-Fort Worth International Airport and include Freeport Business Center I and II, both built in 1999, with varying lease occupancy, Freeport Business Center III, currently vacant, and 8222 North Belt Line Road.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not provided
• Buyer: Ross Perot Jr. - Hillwood Development Co.
• Seller: UBS Realty Investors
• Market: Irving
• Address: 8616, 8710 North Freeport Parkway, 8550 Freeport Parkway & 8222 North Belt Line Road

Ownership transfer of the North Belt Line building to Easterly Government Properties Inc., a buyer of federal government-leased buildings, was also noted in Dallas County records.