Plano business campus goes to Philadelphia investor


A Philadelphia investor has snapped up a Plano small business campus.

Constructed in 1999, the almost 30-acre place of work residence is on Headquarters Travel, east of the Dallas North Tollway in the Legacy enterprise park.

The 250,000-square-foot business creating was produced for a telecom business but was obtained by tender consume organization Pepsico in 2003. Pepsico experienced a regional operation in the making, which was built by Dallas developer KDC.

The workplace campus just bought to Philadelphia-primarily based authentic estate investment adviser Rubenstein Companions.

Launched in 2005, Rubenstein Companions acquires and operates commercial properties close to the state for its financial investment resources.

The new owners program to make improvements to the home.

“Favorable market dynamics have designed persuasive opportunities in numerous of the Western and Southern MSAs, including Dallas.” David Rubenstein, Founder and Senior Handling Principal of Rubenstein, reported in a assertion. “We imagine that 5600 Headquarters Travel is an enjoyable action that will engage our vertically built-in system when having us over and above our classic marketplaces.”

Cresa’s Vicki Keenan, Adam Subber, Dan Sullivan, David Stringfield and Brant Bryan brokered the sale.

Campbell Henry and Jake Young of Lincoln Property Co. are leasing the building.

The Pepsico campus is the hottest business sale in West Plano, a person of North Texas’ biggest employment facilities.

An affiliate of Lincoln Property Co. bought the eight-tale Gateway at Legacy workplace on the Dallas North Tollway in Legacy business park early this yr.

And in December, Chicago-dependent real estate investor Ventas Inc. acquired the additional than 100,000-square-foot Parkside on Legacy business building in Legacy business park, east of the Dallas North Tollway.

The seven-story office building at 3939 Belt Line Road in Addison is fully leased.


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