Keppel Pacific Oak US REIT acquires Dallas office property for $102m

Source: The Dallas Morning News, October 02, 2017 (The office buildings in Las Colinas' Urban Center were built in the 1980s.(Jay Miller Trinity Graphics Syst / KBS)

Singapore Exchange Mainboard-listed Keppel Pacific Oak US REIT, formerly known as Keppel-KBS US REIT,  has acquired an office complex in Irving, Dallas, US for $101.50 million. The seller is KBS SOR 125 John Carpenter, LLC.

The complex comprises of two class A buildings centrally located in Las Colinas, a key economic hub of North Central Texas with one of the highest concentrations of corporate headquarters in the US.

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