PLANO – Florida-based TerraCap Management has purchased Preston Park, a two-building, Class A multitenant office development.
Built in 1997, the 198,788-sf building pair has newly renovated lobbies, common areas, tenant lounges, and conference centers. Both assets are 90 percent occupied.
California-based Libitzky Property Companies and Sunwest Real Estate Group were the sellers. Colliers International brokered the sale.
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