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CBRE Arranges Sale of Preston Plaza in North Dallas

Preston Plaza in Dallas was 91 percent leased at the time of sale.

Preston Plaza in Dallas was 91 percent leased at the time of sale.

DALLAS — CBRE has arranged the sale of Preston Plaza, a 250,009-square-foot office property located at the intersection of Preston and Frankford roads in North Dallas. Built in 1986 and renovated in 2015, the property was 91 percent leased at the time of sale. Eric Mackey, Gary Carr, John Alvarado, Jared Chua and Robert Hill of CBRE represented the seller, Caddo Holdings, in the transaction. Houston-based Tanglewood Property Group purchased the asset for an undisclosed price.

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