Plano: Cinemark’s $26M ticket to 120,000-SF HQ building

PLANO – Movie theater chain operator Cinemark Holdings Inc. has acquired a five-story building at 3900 Dallas Pkwy. The more than 120,000-sf office building was purchased from Piedmont Office Realty Trust.

The brick and glass office building was constructed in 1998 and is next door to Cinemark’s Tinseltown movie theater. Cinemark moved into the building when it opened.

Last year, Cinemark started shopping the Dallas North Tollway office market with an eye toward moving its offices to another location, but ended up choosing to buy its current building and stay put.