Metzler Trades North Dallas Office

DALLAS— Metzler Real Estate has traded Galleria North Tower II, a 306,244-square-foot office tower it has owned since 2005, for $71.25 million on behalf of its sponsored Metzler US Real Estate Fund. The company did not identify the buyer, an international institutional investor; a story in the Dallas Morning News identified the property’s new owner as RREEF, the real estate investment business of Deutsche Bank’s Deutsche Asset & Wealth Management division. [GlobeSt]

 

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