Denver real estate investment trust acquires Plano, Texas, office building.

By Steve Brown, The Dallas Morning News Knight Ridder/Tribune Business News

Sep. 14--A Denver real estate investment trust has purchased the Parkway Centre III in Plano - its fifth office building acquisition in North Texas.

AmeriVest Properties Inc. said Monday that it paid $23.4 million for the building, which is on the Dallas North Tollway north of the Shops at Willow Bend mall.

Opened in 2001, the 152,600-square-foot office project is almost 90 percent leased.

AmeriVest chairman William Atkins said Parkway Centre III will increase "our ownership in the North Tollway market, which continues to improve on a fundamental basis."

AmeriVest bought ...

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