Canal Centre Office Property Changes Hands

Canal Centre Investors LLC acquired the 237,894-square-foot Canal Centre, a Class A office building in the Las Colinas Urban Center in Irving, TX. Libitzky Property Cos. and Sunwest Real Estate Group sold the asset at 400 E. Las Colinas Blvd. for an undisclosed amount. The asset is valued at $32.6 million.

CBRE’s Eric Mackey, Gary Carr, John Alvarado, Evan Stone, Jared Chua and Robert Hill arranged the transaction on behalf of the seller. Bruce Marshall from DataVest Sperry Van Ness represented the buyer. The Hong Kong and Honolulu equity was secured by YH Professionals.

Canal Centre is 90% leased to a diverse base of tenants including Power Line Services, PeopleFluent, Parallon Workforce Management (subsidiary of HCA Holdings) and Volkswagen. On-site amenities include a fitness center, café, conference center, and abundant garage parking.

For comments, questions or concerns, please contact Texas Commercial Real Estate News Editor Amy Sorter