Keppel Pacific Oak US REIT (KORE), which was previously known as Keppel-KBS US REIT, is acquiring an office complex in Irving, Dallas, for USD101.5 million.

The property, One Twenty five, comprises two Grade A office buildings - 125 East John Carpenter and 5100 North O'Connor.

It has a committed occupancy of 95.5%, with a weighted average lease expiry (WALE) of 7.0 years, and limited lease expiries until 2023.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.