Washington, DC, August 4, 2022 – Northridge Capital, LLC, the Washington, D.C.-based real estate asset management firm,  and its partner Kamco Invest, a GCC based asset management and investment banking Group, announced the acquisition of the six-story, 403,151 square foot Class A corporate headquarters for Vistra Energy (NYSE: VST).
The asset is located at 1925 West John Carpenter in Irving, Texas and part of the 12,000-acre, master-planned Las Colinas development. Las Colinas is the location of choice for many corporate tenants due to its central location in the Dallas-Fort Worth MSA, diverse amenity base, and the abundant and ever growing residential options available to employees. Las Colinas is already home to the Global Headquarters for eight Fortune 500 companies (ExxonMobil, McKesson, Kimberley Clark, Fluor, Celanese, Pioneer Natural Resources, 7-Eleven, and Vistra, the tenant at the Property). 
1925 West John Carpenter is an institutional quality asset that is 100% leased to Vistra Energy. The Property was built in 1987, but underwent a $50 million overhaul of the Property in 2021 which included a complete lobby renovation, elevator modernization, general building improvements, a new structured parking garage (offering a total of 2,305 parking spaces) and significant tenant improvements of which the Tenant came out of pocket for. The asset sits on 30 acres in North Texas and sits conveniently off Texas State Highway 114 and President George Bush Turnpike, connecting the Property to Downtown Dallas and Fort Worth and adjacent to DFW International Airport. 
"The Vistra Energy corporate headquarters acquisition marks the fifth transaction we have completed with Kamco Invest and we could not be more pleased with the level of trust and sophistication we consistently experience when working with the GCC based asset management and Investment banking group.  We continue to align with Kamco Invest group on what opportunities we find the most appealing and well positioned to thrive in an ever-evolving business environment," said David Jackson, President of Northridge Capital.
Mohammad Al Othman, Executive Director of Real Estate at Kamco Invest, said, “We are pleased to have successfully added the Vistra headquarters property to expand and strengthen our net-lease international real estate platform that offers our investors access to best-in-class assets, underpinned by a secure and long-term income stream. We continue to advise and assist our valued investors and regional group entities on real estate opportunities to diversify our client base‘s portfolios by sourcing and securing high-quality commercial buildings that are strategically located and let to credit-quality tenants. Moreover, we remain active in pursuing further transactions to enhance our U.S. track record for our investors”.
“We love that the Vistra Building provides steady cash flow from a credit quality tenant, is an institutional asset that recently underwent significant renovations and is located in one of the most dynamic corporate neighborhoods in both the Dallas-Fort Worth market and in the US,” said David Etemadi, Managing Director, Investments for Northridge Capital.  

About Northridge Capital, LLC

Northridge Capital, LLC, based in Washington, D.C., is an independent real estate asset management firm that has invested in 60 assets on behalf of investors, with a combined acquisition value of $2.28 billion. Since its founding in 1997, the company has focused on generating superior risk-adjusted returns for international high net-worth individuals and institutions. It acquires, manages and sells real estate assets across a wide variety of property types and geographic areas.  For more information, visit 

About Kamco Invest

Kamco Investment Company K.S.C (Public) “Kamco Invest” is a regional non-banking financial powerhouse headquartered in Kuwait with offices in key regional financial markets, established in 1998 and listed on Boursa Kuwait in 2003. It is an Independently managed subsidiary of KIPCO Group adopting highest standards of corporate governance and regulated by the Capital Markets Authority and Central Bank of Kuwait. The Company offers a comprehensive range of investment solutions covering asset management, investment banking and brokerage.
Kamco Invest has AUM of over USD13.8bn as of 30 June 2022 allocated to various asset classes and jurisdictions, making it one of the largest asset managers in the MENA region. It has acted as investment banker to deals exceeding USD30bn from its inception to 30 June 2022 in equity capital markets, debt capital markets and mergers & acquisitions.

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Northridge Capital is dedicated to providing a high level of personalized service for its investors. Northridge works mainly with overseas institutional and individual investors, especially those from the Middle East, to successfully define and implement customized strategies for investing in US commercial real estate.

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