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Tribune News Service
Tribune News Service
Business
Steve Brown, Maria Halkias

Lender takes over ownership of Dallas’ landmark Galleria mall

Galleria Dallas MetLife North Texas UBS Gregory Nordstrom Plano United States Westin

Ownership of the landmark Galleria Dallas mall — one of North Texas’ best known shopping meccas — has been transferred to the property’s lenders just days before Christmas.

A unit of Metropolitan Life Insurance has taken over the deed to the 40-year-old regional shopping mall at LBJ Freeway and Dallas Parkway. MetLife also took the deed to the 432-room Westin Galleria Hotel.

The 1.9 million-square-foot, three-level shopping mall had been owned by a partnership represented by UBS Realty Investors since 2002. UBS bought the high-rise hotel in 2005.

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