Galleria Office Towers
The Galleria Office Towers is a 1.4 million square foot, three-tower, Class A A office complex in Dallas, Texas. The property is leased to over 100 high-quality tenants from various industries. Fortis acquired the property on November 17, 2006. After increasing the occupancy from 90% to 98% and significantly increasing rental rates, Fortis sold these three towers in the Spring of 2008 and realized an IRR of 54.3%.