Equity from Hong Kong, Honolulu help investor land Irving office tower

An Irving office tower in Las Colinas has sold to a new investor with the help of equity from Hong Kong and Honolulu, giving the limited liability company a stable, in-place cash flow.

Canal Centre Investors LLC, which includes equity from a 1031 exchange from a property sale in Hawaii, acquired Canal Centre for an undisclosed sum. The 10-story, 237,894-square-foot office tower is located at 400 E. Las Colinas Blvd. in Irving.

According to the Dallas Central Appraisal District, the building was last valued at $32.6 million. The property also includes an adjacent six-story parking garage.

Click to read more at Dallas Business Journal.