370,000-SF Tollway Plaza towers in Dallas zoom to sold

​​​​DALLAS – Real estate investment firm Buchanan Street Partners has bought a Class AA, 370,073-sf office complex along the Dallas North Tollway.

Buchanan acquired Tollway Plaza, a two-tower, eight-story office complex at 15950 and 16000 North Dallas Parkway in Dallas, which is the investment firm’s third real estate buy in Dallas-Fort Worth this year.

Along with Tollway Plaza, the real estate investment firm also recently has bought Richardson Office Center and Granite Tower.

"Tollway Plaza is an amenity-rich campus that is well positioned to benefit from tightening vacancies and corporate expansion in the area," President Tim Ballard said.

The firm plans to make moderate upgrades to the campus lobbies, elevators and restrooms to make the building’s contemporary exteriors. The campus has a fitness center, large conference facility and cafe.

At the time of the acquisition, Tollway Plaza was 95 percent leased.