PLANO – A 23-year-old retail center has been sold as part of a Houston-based real estate investment trust’s liquidizing. It was purchased by an affiliate of Plano’s Amax Investment Co.
The 163,341-sf Prestonwood Park on Park Blvd. has tenants including Sally Beauty, Jump Street Trampoline Park, and Mama’s Daughters’ Diner.
Seller Hartman SPE LLC filed for bankruptcy protection while selling office and retail assets to focus on self-storage investments.
The $25 million sale was financed by Midfirst Bank. Edge Properties is marketing the center to tenants.