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Dallas investor has acquired Corporate Point, a 242,000-square-foot office tower in Las Colinas, Irving. The property at 5615 Highpoint Drive was previously owned by Gainwell Technologies, which plans to lease back the space for three months before vacating permanently. Weitzman brokers Creighton Stark and Matthew Rosenfeld facilitated the all-cash sale of the property, while David Davidson represented the buyer.

    DFW Land principal Vijaya Borra said the purchase is part of a strategy to attract businesses across various industries to tenant his properties in Las Colinas. In addition to Corporate Point, Borra acquired neighboring 1333 Corporate Drive last year, bringing his total holdings in the area to nearly half a million square feet. Plans are underway to develop the remaining 7.5 acres on the property, but details have not been disclosed.

    Las Colinas is home to notable projects like Wells Fargo's sprawling new campus, which spans two 10-story buildings across 22 acres. DFW Land aims to compete with existing office space in the area by creating amenities that cater to the local market.