Class A office buildings in Dallas-Fort Worth saw a slight decline in vacancies, bucking the overall market trend.

Encore Enterprises, Inc. (Encore) today announced the acquisition of a two-story, Class B medical office building at $114 PSF with 61,356 rentable square feet, located at 16980 N. Dallas Parkway.

The Dallas-based firm bought The Crossings, a 233,000-square-foot office building at 5429 Lyndon B. Johnson Freeway, marking the firm’s first office acquisition in seven years, Bisnow reported.

The Dallas City Council approved the sale of the property in its April 23 meeting. A "failure to properly evaluate the condition of the building prior to purchase put the city at risk and resulted ...