Keppel Pacific Oak US Reit buys Dallas property for US$101.5m
The office complex, One Twenty Five, is leased to 20 tenants and has occupancy rate of 95.5%
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Singapore
KEPPEL Pacific Oak US Reit, previously known as Keppel-KBS US Reit, has agreed to acquire an office complex in Irving, Dallas from KBS SOR 125 John Carpenter for US$101.5 million.
One Twenty Five, which is made up of two class A buildings - 125 East John Carpenter and 5100 North O'Connor - is located in the submarket of Las Colinas, a key economic hub of North Central Texas with a high concentration of corporate headquarters in the US.
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