The Carlyle Group to Purchase Metropolitan Real Estate Equity Management
The office property is 94 percent leased, with tenants such as Fox Sports Net Southwest’s studios and offices for AT&T Services, Advancial Federal Credit Union, TWG Insurance and CRM Studios. The two- and three-story building sits on 15.2 acres of land at the corner of Royal Lance and Colwell Boulevard. The Las Colinas submarket has the highest overall absorption compared with any submarket in North Texas, so far this year, totaling 1 million square feet of space, according to recent data from Cushman & Wakefield of Texas Inc.’s Dallas research team.
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Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Global Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,400 people in 34 offices across six continents. Web: http://www.carlyle.com Videos: http://www.youtube.com/onecarlyle Tweets: http://www.twitter.com/onecarlyle Podcasts: http://www.carlyle.com/about-carlyle/market-commentary/481 About Metropolitan Real Estate Equity Management Founded property management companies in baltimore in 2002, Metropolitan Real Estate Equity Management is a privately owned, registered investment advisor with more than $2.6 billion in capital commitments across 22 partnerships (16 funds of funds and six feeder funds), representing a wide range of clients, including institutional investors, endowments and foundations and high net worth investors. Metropolitan constructs and manages vintage year U.S., non-U.S., global and custom portfolios, with a focus on private, indirect investments in value-add and opportunistic real estate.
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