Metzler Real Estate sells Galleria-area tower in North Dallas for $71M

Institutional investor Chicago-based RREEF has bought Galleria North Tower II, a 13-story, 306,244-square-foot building, for $71.25 million from Seattle-based Metzler Real Estate. The real estate investment firm — which is a subsidiary of Frankfurt-based Bankhaus Metzler — sold the property at 13727 Noel Road in North Dallas on behalf of its sponsored fund, Metzler US Real Estate Fund. The fund represents a group of German institutional investors.

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