IRA Capital Buys Las Colinas Corporate Campus
March 29,2022: The almost 250,000-square-foot campus at 6555 Sierra Drive currently serves as the corporate headquarters for utility firm Vistra Corp. Vistra, a retail electricity and power generation company, has fully leased the campus through 2035, according to the Dallas Business Journal.IRA acquired the complex from a joint venture that included New York-based Lexington Realty Trust. Commercial property firm Jones Lang LaSalle marketed the Vistra office buildings for sale.The most recent assessment of the three-story building just off the Bush Turnpike was $26,926,470, according to property tax records. The almost 10 acre lot on its own was estimated to be worth more than $8 million.IRA hopes to make $1.5 billion in new investments for 2022.
Source: TheRealDeal
About IRA Capital
IRA Capital is a Southern-California based private equity firm founded in 2010 by partners Amer Kasm, Samir Patel, Jay Gangwal, Amer Malas, and Mohannad Malas. IRA invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, and family offices. The firm predominantly invests in commercial real estate assets throughout the United States and also has a private equity/venture capital platform that invests in operating companies across various sectors. Headquartered in Irvine California, IRA has acquired over seven million square feet of property in 30 states, with a total capitalization greater than $3 Billion.
For more information, please contact:Danielle de Souza, IRA Capital Corporate Communicationsddesouza@iracapital.com / 949.612.2742 Read
Related News: DallasNews