HinesREIT has purchased the iconic Chase Tower office building in its home city of Dallas for $290m (£140m).

HinesREIT has purchased the iconic Chase Tower office building in its home city of Dallas for $290m (£140m).

In an announcement made today, the US REIT, launched by private investment company Hines in 2004, said it had bought the 1.3m sq ft, 55-story office designed by Skidmore, Owings & Merrill, from holding vehicle 2200 Ross.

The property is 92% leased to tenants including JPMorgan Chase, Locke Lord Bissell & Liddell, Deloitte & Touche and Fulbright & Jaworski.