PLANO, TX-CBRE has closed the sale of Plano Office Commons to Grupo Haddad for an undisclosed amount. Comprised of two quality office assets, Plano Office Commons is located in the renowned Telecom Corridor of Plano, Texas. The one-story buildings contain a combined 190,000 square feet and are 100% leased to two quality, long-term tenants.
Eric Mackey, Gary Carr and John Alvarado of CBRE arranged the transaction on behalf of an investor represented by Peloton Commercial Real Estate.
“Investors were attracted to this asset due to its ideal location within one of Dallas/Fort Worth's most important centers of commerce,” said Mackey, SVP of CBRE. “Plano's Telecom Corridor offers a pro-business environment and strong economy, with access to an abundant and talented workforce. Plano Office Commons' new ownership is well-positioned for long-term stability and growth.”
Situated just one-quarter mile north of President George Bush Turnpike and only three miles east of the SH-190/North Central Expressway interchange, Plano Office Commons features superior regional access and proximity to popular amenities including Galatyn Park Urban Village, Collin Creek Mall, the Charles W. Eisemann Center for the Performing Arts, and the Renaissance Hotel.
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