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


Preston Park in Plano consists of roughly 199,000 square feet of office space across two buildings. The property was built in 1997.

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.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties