Tuesday, May 10, 2011

HFF closes sale of GSA-leased facilities in Las Vegas and Dallas

DALLAS, TX – HFF announced today that it has closed the sale of two U.S. Government-leased, single-tenant office buildings in Las Vegas, Nevada and Denton, Texas, a suburb of Dallas-Fort Worth.

HFF marketed the properties on behalf of the seller, Frankfurt-based KanAm Grund Kapitalanlagegesellschaft mbH.  The properties were purchased for an undisclosed amount.

The FBI Building in Las Vegas (top left photo), totals 106,955 square feet and is leased to the Federal Bureau of Investigation (“FBI”) through October 2021.

 The FEMA Building is an 83,481-square-foot facility in Denton, Texas that is leased to the Federal Emergency Management Agency (“FEMA”) through May 2022.  Both buildings were constructed in the past nine years as build-to-suit facilities for these GSA entities.

Todd W. Savage, HFF Managing Director, (214) 265-0880, tsavage@hfflp.com
 Barry M. Brown, HFF Senior Managing Director, (214) 265-0880 bbrown@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

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