Benderson executes $218 million land deal in Dallas

Benderson Development Co., in a relatively rare transaction for the University Park-based developer, has acquired an interest in the ground beneath a new corporate headquarters just outside Dallas for $218 million.

The property sits beneath Pioneer Natural Resources new 10-story headquarters in the Hidden Ridge business park, a 35-acre development within the Las Colinas master-planned community in Irving, Texas. The roughly $1 billion project is being developed jointly by Verizon and Dallas-based developer KDC.