Acquisitions Target Class-A in High Job Growth Areas

Parkwood Place comprises 98,750 square feet of space in a three-story building in Plano.

PLANO/FRISCO, TX—Recent acquisitions in Plano and Frisco are an expansion of a platform launched in 2018 that includes assets in San Diego and Phoenix, and targets class-A office buildings in high job-growth markets. Admiral Capital Group’s core-plus investment platform recently acquired two class-A office properties in the Dallas metro area totaling approximately 260,000 square feet. The purchase prices were undisclosed.

Duke Bridges III comprises 161,131 square feet in a three-story building in Frisco. This city is the fastest growing in the United States according to the US Census Bureau. Duke Bridges III was built in 2007 and is 94% leased to tenants in the technology, government and business services industries.