M&I Bank unloaded the deed for Energy Crossing I in Dallas, Texas to Lincoln Property Company, acting for a public pension fund. The sale price was undisclosed, but Lincoln acquired the building free and clear with Holliday Fenoglio Fowler and Stream Realty Partners representing the seller in the transaction according to CoStar.
The 239,166-square-foot office building at 15021 Katy Freeway, developed by Opus West, is currently 20% occupied and claims KBC Advanced Technologies Inc. and Electromagnetic Geoservices ASA as two of its long-term tenants. Energy Crossing I is a Class A, six-story office structure with a four-story, 900-space parking garage on 5.3 acres in the Energy Corridor submarket.
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