Nov
02

Transwestern, Mirae Pay Hefty Price for State Farm Campus

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The sale-leaseback of the 2.2 million-square-foot property is reportedly one of the largest ever real estate trades in North Texas.
CityLine State Farm, courtesy of Transwestern Investment GroupCityLine State Farm, courtesy of Transwestern Investment Group
Richardson, Texas—Corporate Properties Trust I LP, a new partnership of Transwestern Investment Group and Seoul, Korea-based Mirae Asset Global Investments Co., has steered its way into the regional real estate history books. The company just acquired the 2.2 million-square-foot State Farm Auto Insurance Co. regional headquarters in Richardson, Texas, in a sale-leaseback transaction being called not just one of the largest ever real estate trades in metropolitan Dallas, but one of the largest in North Texas…
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