PLANO, TX-In an off-market transaction, Behringer Harvard has picked up a 33,467-sf, value office building that’s practically full. The acquisition is the fifth one for the investment group’s mid-term fund.

A limited partnership from Colleyville sold the three-year-old Parkway Vista at 5072 Plano Pkwy. in a one-off scenario. The 97%-leased holding was turned over to Dallas-based Trammell Crow Co. to manage and fill.

“It is a smaller deal, but it does match with the fund,” Jason Mattox with the Dallas-headquartered Behringer Harvard tells Not only is the final price off limits, but a comparable 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 roll gradually over the next three to five years, Mattox says. “It’s in great shape and has a great tenant base,” he adds, citing a quoted rent hovering $20 per sf.

Kip Sowden of Realty America Group brokered the sale of the two-story building. Mattox says the acquisition opportunity for the Mid-Term Value Enhancement Fund I LP arose through “a relationship” with Sowden’s firm. The dealmakers, he says, are location and tenant base.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.