Buyer of One Main Place plans to upgrade tower

RAK Acquisitions Corp., a subsidiary of Manhattan, NY-based RAK Group, has acquired One Main Place in Dallas, TX's central business district for about $65 million. The company plans to upgrade the 963,210-sq-ft, 32-story office tower's common areas and retail amenities. Lehman Brothers provided funding for the acquisition of the Class B office building. According to the company's president, Randy Kohana, the property perfectly fits the company's investment criteria. The building at 1201 Main St. is the 20th largest multitenant office building in the Metroplex.