FRISCO - A Los Angeles-based investor has bought the 29,200-sf Lebanon-Ohio Business Center at 4681 Ohio Dr.
Shayan Holdings LLC bought the Class A property, which sits at the southwest corner of Lebanon Rd. and Ohio Dr., from Frisco-based LandPlan Development Corp.
The retail center is 90 percent leased to tenants including CrossFit Remedy and Arts and Technology Institute.
Because the shopping center sits a block away from Preston Rd., tenants can capture the high-end Frisco shopper without paying higher Preston Rd. rental rates, said Jennifer Pierson, managing director in CBRE's Dallas office.
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