RICHARDSON – Property Reserve Inc., a real estate arm of the Church of Jesus Christ of Latter-Day Saints, has purchased Raytheon Corp.'s new CityLine office campus from developer KDC.
KDC completed the three-building, 500,000-sf office complex on Bush Turnpike east of Plano Rd. in 2016. The four-story office campus cost nearly $100 million to develop.
Almost 1,700 Raytheon workers occupy the buildings on a long-term lease running through 2026.
CBRE marketed the buildings.
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