LEWISVILLE – Kennington Commercial has acquired a pair of Class A office/flex properties totaling 108,433 sf.
Built in 2001 at 1965 Lakepoint Dr., Waters Ridge Tech Center II is a 33,346-sf building that is home to two long-term tenants.
Built in 2002 at 1825 Lakeway Dr., Waters Ridge Tech Center III has five long-term tenants occupying 70,016 sf of the 75,087-sf facility.
Younger Partners represented the seller, Libitzky Property Companies. Financing was provided by Northmarq and Genworth Life Insurance Company of New York.
The Texas Real Estate Research Center has more on DFW real estate news:
Source: Dallas Morning News