Mormon church buys Raytheon’s CityLine campus

​​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.​​