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REIT Puts Dallas Office Towers Under Contract in High-Profile Deal

Atlanta Investor is Expected to Close on Galleria Towers This Quarter
One Galleria Tower, Two Galleria Tower and Three Galleria Tower in Dallas have a new owner under contract. (CoStar)
One Galleria Tower, Two Galleria Tower and Three Galleria Tower in Dallas have a new owner under contract. (CoStar)

In what is expected to be one of this year's high-profile acquisitions in Dallas, Piedmont Office Realty Trust Inc. plans to buy the Galleria Towers, a three-tower, 1.4 million-square-foot office property with tenants such as online retailer Amazon, contractor Ryan Cos. and architectural firm Kimley-Horn, in a deal totaling about $400 million.

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