Colliers Brokers Sale of 198,788 SF Preston Park Office Complex in Plano

PLANO, TEXAS — Colliers International has brokered the sale of Preston Park, a 198,788-square-foot office complex in Plano. The two-building, 12-acre complex was built in 1997 and recently renovated to upgrade lobbies, common areas, tenant lounges and conference centers. California-based Libitzky Property Cos. and Dallas-based Sunwest Real Estate Group sold the property to Florida-based TerraCap Management for an undisclosed price. Creighton Stark and Chris Boyd of Colliers brokered the deal. Both buildings were approximately 90 percent leased at the time of sale.