The no minimum-ask run is expected to come within 30% of thereplacement cost, which in today's market would be about $100 persf, including land costs, according to CB Richard Ellis' investmentsales team. The 80%-leased park holds a pair of 100,000-sfbuildings at 3801 and 3901 E. Plano Pkwy. and an 83,559-sfstructure at 4001 E. Plano Pkwy.
"The submarket's been tight on sales. There's nothing we know ofaround it for sale," says Conor Feeney, CBRE's associate. "Thatsubmarket has one-offs that don't necessarily have a common theme.This is a park environment with synergies that allows you tocapture efficiencies in management and operation."
The call for offers will be in mid-August. The goal is athird-quarter closing for the CBRE team, which includes vicechairman Jack Fraker and first vice president Josh McArtor.
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