{"id":1003810164,"date":"2008-05-30T12:00:00","date_gmt":"2008-05-30T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/05\/30\/hines-reit-takes-pair-of-dfw-properties\/"},"modified":"2022-12-06T22:09:36","modified_gmt":"2022-12-07T06:09:36","slug":"hines-reit-takes-pair-of-dfw-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-reit-takes-pair-of-dfw-properties\/","title":{"rendered":"Hines REIT Takes Pair of DFW Properties"},"content":{"rendered":"<p>Hines REIT has announced the purchase of two buildings in the Dallas-Fort Worth Metroplex. The firm purchased the buildings, 4050 and 4055 Corporate Drive, from Dividend Capital Trust. The buildings are single story class A industrial warehouses, located within the  DFW Trade Center, a 180-acre office park four miles from the Dallas-Fort Worth airport. Combined, the two buildings total approximately 650,000 square feet and function primarily as distribution, light manufacturing and office facilities. Currently, the buildings are 100 percent leased, with tenants including Kay Chemical and Verizon. \u201c4050 and 4055 Corporate Drive have a stable and high quality tenant roster with close proximity to DFW International Airport and the expansive Northwest Dallas population,\u201d Charles Hazen, president &amp; CEO of Hines REIT, noted in a release.  \u201cWe believe this acquisition suits our objective of investing in fundamentally sound real estate while expanding our industrial property base.\u201d Hines REIT is a Houston-based public real estate investment trust sponsored by Hines. The firm made news earlier this month by purchasing a Houston office tower for $272 million. Hines REIT currently owns interests in 46 properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hines REIT has announced the purchase of two buildings in the Dallas-Fort Worth Metroplex. The firm purchased the buildings, 4050 and 4055 Corporate Drive, from Dividend Capital Trust. The buildings are single story class A industrial warehouses, located within the DFW Trade Center, a 180-acre office park four miles from the Dallas-Fort Worth airport. Combined,&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003810164","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hines REIT Takes Pair of DFW Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-reit-takes-pair-of-dfw-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines REIT Takes Pair of DFW Properties\" \/>\n<meta property=\"og:description\" content=\"Hines REIT has announced the purchase of two buildings in the Dallas-Fort Worth Metroplex. The firm purchased the buildings, 4050 and 4055 Corporate Drive, from Dividend Capital Trust. The buildings are single story class A industrial warehouses, located within the DFW Trade Center, a 180-acre office park four miles from the Dallas-Fort Worth airport. Combined,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-reit-takes-pair-of-dfw-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-05-30T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T06:09:36+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Hines REIT Takes Pair of DFW Properties\",\"datePublished\":\"2008-05-30T20:00:00+00:00\",\"dateModified\":\"2022-12-07T06:09:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/\"},\"wordCount\":181,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-reit-takes-pair-of-dfw-properties\\\/\",\"name\":\"Hines REIT Takes Pair of DFW Properties - 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