PLANO, TX-Atlanta-based IDI Inc. and equity partner JPMorgan Real Estate are poised to push the three-building Plano Business Park to market. The 283,559-sf portfolio is one of the few institutional-quality assets in a micro-market filled with late 1980s-era industrial buildings of one-off situations.

The no minimum-ask run is expected to come within 30% of the replacement cost, which in today’s market would be about $100 per sf, including land costs, according to CB Richard Ellis’ investment sales team. The 80%-leased park holds a pair of 100,000-sf buildings at 3801 and 3901 E. Plano Pkwy. and an 83,559-sf structure at 4001 E. Plano Pkwy.

“The submarket’s been tight on sales. There’s nothing we know of around it for sale,” says Conor Feeney, CBRE’s associate. “That submarket has one-offs that don’t necessarily have a common theme. This is a park environment with synergies that allows you to capture efficiencies in management and operation.”

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