Lewisville office campus sells to Mexico City investor

A Mexico City investor has purchased a Lewisville office campus.

The Lake Vista 3 & 4 buildings are near Interstate 35E and Sam Rayburn Tollway and contain almost 250,000 square feet of space.

Built in 2004 and 2006, the offices face on a 40-acre lake and are just south of the Music City Mall.

The buildings are fully leased to Nationstar Mortgage’s Mr. Cooper home loan operation. They previously housed offices for JPMorgan Chase.

“Mr. Cooper has invested a significant amount of capital into the building, establishing Lake Vista as its largest office location,” commercial property firm JLL said in the marketing material for the property.

The buildings were bought by a unit of Mexico-based Aztec Fund. The private real estate firm invests in office and industrial buildings in the U.S.

Aztec Fund already has several holdings in North Texas, including an office building in the Pinnacle Park campus in West Dallas, the Lakeside II office building in Lewisville and the Dallas Intellicenter building in Irving.

JLL’s Todd Savage, Chris Murphy, Parker McCormack, Michael George, Mark West and Coler Yoakam marketed the Lake Vista buildings for sale.

The Lewisville office campus sale is the second Dallas-area transaction in a row by a Mexico City buyer.

Another firm — Artha Capital — just bought the four-building 2400 N. Glenville office campus in Richardson’s Telecom Corridor.