Nov
02
Transwestern, Mirae Pay Hefty Price for State Farm Campus
ByThe 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 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…