PLANO – Florida-based TerraCap Management has purchased Preston Park, a two-building, Class A multitenant office development.
Built in 1997, the 198,788-sf building pair has newly renovated lobbies, common areas, tenant lounges, and conference centers. Both assets are 90 percent occupied.
California-based Libitzky Property Companies and Sunwest Real Estate Group were the sellers. Colliers International brokered the sale.
The Real Estate Center has more on DFW real estate news:
Source: Connect Media