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Chambers Street snaps up Las Colinas office campus

Chambers Street Properties of New Jersey purchased Carpenter Corporate Center I and II, a two-building office campus in Las Colinas.

Chambers Street snaps up Las Colinas office campus
Candace Carlisle[1]
Staff Writer- Dallas Business Journal
This email address is being protected from spambots. You need JavaScript enabled to view it.[2]  | Twitter[3]  | Twitter[4]  | Google+[5]

Princeton, N.J.-based Chambers Street Properties[6] (NYSE: CSG) has snapped up a two-building office campus in Las Colinas, which is 100 percent leased.

The two, three-story buildings -- Carpenter Corporate Center I and II total 226,822 square feet -- are the company's third office asset acquisition in Dallas-Fort Worth. Terms of the deal were undisclosed.

Earlier this year, Louisville, Ky.-based health and wellness company Humana Inc.[7] announced its pharmacy management company, RightSource, planned to open a mail order pharmacy call center and support operation[8] at Carpenter Corporate Center II at 2001 W. John Carpenter Frwy. in Irving.

The new operation, which was scheduled to open this month, was expected to create more than 620 new jobs over the next three years.

The two buildings were constructed in 2008 and 2009, and sit on 16.6 acres of land. The two-building property includes an on-site cafe, fitness center and 1,107 parking spaces.

"This was a terrific opportunity to acquire another prime office asset, 100 percent leased to an investment grade tenant," Chuck Hessel[9], senior vice president of acquisitions, said in a written statement.

Chambers Street, a industrial and office real estate investment trust, owns more than 2.5 million square feet of warehouse and distribution property in North Texas.

Candace covers commercial and residential real estate and sports business.

References

  1. ^ Candace Carlisle (feeds.bizjournals.com)
  2. ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
  3. ^ Twitter (twitter.com)
  4. ^ Twitter (twitter.com)
  5. ^ Google+ (plus.google.com)
  6. ^ Chambers Street Properties (www.bizjournals.com)
  7. ^ Humana Inc. (www.bizjournals.com)
  8. ^ planned to open a mail order pharmacy call center and support operation (www.bizjournals.com)
  9. ^ Chuck Hessel (feeds.bizjournals.com)
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