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Canadian firm ICM Asset Management purchased the 10-story One Glen Lakes office building in Dallas.
The 170K SF building is located at 8140 Walnut Hill Lane inside the North Central Expressway submarket.
Lincoln Property Co. has been chosen to partner with the asset management and investment firm to provide property management and leasing services.
ICM already has one asset in DFW and is part of an ongoing trend of foreign investors, particularly ones from Canada, targeting high-quality U.S. and DFW real estate.
“We are excited to be expanding our Dallas portfolio with an exceptionally located project, a robust tenant roster, and immediate leasing opportunities,” ICM Managing Director Spencer Patton said in a statement. “We look forward to welcoming new tenants as we improve common areas, entrances, building amenities, and upgrade HVAC systems.”
The property is 70% leased.
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