{"id":1004170902,"date":"2017-03-31T04:17:42","date_gmt":"2017-03-31T12:17:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170902"},"modified":"2022-12-09T01:05:14","modified_gmt":"2022-12-09T09:05:14","slug":"pfa-pension-fund-spear-street-join-forces-to-buy-stake-in-large-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pfa-pension-fund-spear-street-join-forces-to-buy-stake-in-large-office-portfolio\/","title":{"rendered":"PFA Pension Fund Buys Stake in Large Office Portfolio"},"content":{"rendered":"

By Veronica Grecu<\/em><\/p>\n

\"90<\/a>

90 Hudson, Jersey City<\/p><\/div>\n

Jersey City, N.J.\u00a0and Dallas<\/strong>\u2014Denmark-based PFA Pension Fund, a privately-owned investment fund, has formed two separate joint ventures with Spear Street Capital of San Francisco to acquire a 49 percent stake in two office properties.<\/p>\n

Known as the Invictus Portfolio, the office assets are located in Dallas, Texas and Jersey City, N.J., and were previously owned by several investment funds managed by Spear Street, which will continue to serve as property manager. Accord Capital Partners served as the exclusive financial advisor in this acquisition. Terms of the transaction remained undisclosed.<\/p>\n

Totaling around 1.2 million square feet of office space, the Invictus Portfolio consists of two Class A office properties.<\/p>\n

At 796,200 square feet, Galatyn Commons is one of the largest blocks of premium office space in North Texas and comprises four buildings:<\/p>\n