DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of Denbury Park II, a LEED-certified, Class A office building within Legacy Business Park in Dallas, Texas.The HFF investment sales team was led by senior managing director Barry Brown, managing director Todd Savage (top right photo) and senior real estate analyst John Bourret, who marketed the property on behalf of the seller, Koll Development Company.
KanAm Grund (KAG), on behalf of the KanAm US-grundinvest Fonds, purchased Denbury Park II for an undisclosed amount. KanAm Grund was assisted by Manish Bhatia and Gregory Moore at its U.S. subsidiary, KanAm Grund America, LP.
“This asset is a strategic addition to our portfolio in terms of creating a headquarters campus for Denbury,” said Bhatia and Moore of KanAm Grund America, L.P.
Completed in 2008 as a build-to-suit, Denbury Park II has 102,600 square feet of Class A office space that is 100% leased to Denbury Resources on a long-term basis. The property situated within Legacy Business Park in Far North Dallas.
“We sold Denbury Park last year to KAG for its KanAm US-grundinvest Fonds, so we believed KAG is the ideal buyer for this property as it already owns Denbury I. In the end, this was a true win-win for both parties involved,” said Brown. 
The KanAm Group with its main offices in Munich, Frankfurt and Atlanta is one of Germany’s leading sponsors of international real estate funds. KanAm Grund Kapitalanlagegesellschaft mbH, headquartered in Frankfurt, Germany, was formed in May 2001 and is the first independent real estate investment company in the form of a Kapitalanlagegesellschaft in Germany.
It performs all of the functions of a special financial institution, including portfolio management and analysis, property acquisition, facility management, marketing, accounting and controlling. For more information, visit http://www.kanam-grund.de/.
Koll Development Company (KDC), one of America’s leading commercial real estate firms, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing.
Koll Development Company, headquartered in Dallas, has offices in Atlanta, Charlotte and Detroit.
CONTACTS:Barry M. Brown, HFF Senior Managing Director, 214 265 0880. bbrown@hfflp.com
Todd W. Savage, HFF Managing Director, 214 265 0880. tsavage@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990. lmcdowell@hfflp.com
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