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Biz Insight

L.A. investor buys 3 Galleria office towers

Galleria II tower
FILE/DMN
The Galleria II tower is among the three properties sold.

10:33 AM CT Financial terms of the sale were not disclosed, but sources close to the deal estimated a price of more than $300 million, making it one of the largest office building sales in Dallas in recent years. Los Angeles-based Cannon Commercial becomes the fourth owner of the Galleria towers since they were built in the early 1980s.


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© 2008 The Dallas Morning News Co.

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