Metropolitan Life Unit Takes Over Ownership of Galleria Dallas Mall and the Westin Galleria

Just days before Christmas—amid the busiest shopping week of the year—an iconic mall in North Dallas just changed hands.

According to the Dallas Morning News, a unit of Metropolitan Life Insurance has taken over the deeds to both Galleria Dallas and the Westin Galleria, the 432-room hotel that looms above it.

Famed for its central skating rink, where skaters are now circling “America’s tallest indoor Christmas tree,” the nearly 2-million-square foot, three-level mall had been owned by a partnership repped by UBS Realty Investors for 20 years, the DMN reported. In 2005, UBS bought the adjacent hotel.

The DMN’s Steve Brown notes that MetLife held over $315 million in loans on the mall, with county records revealing that UBS Realty agreed to hand over both the mall and the hotel to MetLife Investment Management.

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.

One quick signup, and you’re done.

R E A D   N E X T