A limited partnership from Colleyville sold the three-year-oldParkway Vista at 5072 Plano Pkwy. in a one-off scenario. The97%-leased holding was turned over to Dallas-based Trammell CrowCo. to manage and fill.
"It is a smaller deal, but it does match with the fund," JasonMattox with the Dallas-headquartered Behringer Harvard tellsGlobeSt.com. Not only is the final price off limits, but acomparable product isn't nearby. The two-acre development, though,is assessed at $4.5 million by Collin County.
The tenant roster includes American Express Financial Advisors,SouthTrust Mortgage Corporation and several physicians. Leases rollgradually over the next three to five years, Mattox says. "It's ingreat shape and has a great tenant base," he adds, citing a quotedrent hovering $20 per sf.
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