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Casey, Backes snapping up NEC complex.(Terry Casey, Leon Backes, NEC America Inc.)(Brief Article)(Statistical Data Included)
LAS COLINAS - Developers Terry Casey and Leon Backes are buying the NEC America complex on Walnut Hill Lane, about a mile south of Highway 114.
The deal, which is expected to close in two months, includes three buildings owned by NEC with a total of 275,725 square feet on 17 acres.
Terms of the transaction were not disclosed.
NEC, a telecommunications-equipment manufacturer, will lease back the space until it moves 1,900 employees into a new 530,000-square-foot headquarters in Las Colinas at the end of the year.
Casey and Backes own their own companies but have collaborated on several redevelopment projects, including the current …
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