REBusinessOnline

CBRE Brokers Sale of 198,759 SF Office Property in Plano

Libitzky Property Cos. has acquired the 198,759-square-foot Preston Park office complex in Plano. The seller was Alexander & Baldwin.

PLANO, TEXAS — CBRE has brokered the sale of 1800 & 1820 Preston Park, a two-building, 198,759-square-foot office property in Plano. The Class A buildings were 81 percent leased at the time of sale to tenants such as American Flood Research, Arrow Electronics and Health Texas. Eric Mackey, Gary Carr, John Alvarado, Robert Hill, Evan Stone and Jared Chua of CBRE represented the seller, Alexander & Baldwin, in the transaction. Libitzky Property Cos. acquired the asset for an undisclosed price.

 

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