Dallas’ JP Realty Partners buys former Geico regional hub in DFW

Dallas-based real estate investment firm JP Realty Partners Ltd. has acquired the former regional headquarters building of Geico Insurance for an undisclosed sum with plans to upgrade the property to attract new tenants.

The Chevy Chase, Maryland-based insurance company, a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway Inc., moved into a new North Texas regional hub in Richardson last August to accommodate its growing workforce of 1,600 employees in the region.

Read more at Dallas Business Journal.