Caddo Holdings foothold in Dallas' Preston Plaza officeCaddo Holdings foothold in Dallas' Preston Plaza officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=49262014-02-17T15:08:00Z2014-02-17T00:00:00Z

NORTH DALLAS - The 260,000-sf Preston Plaza office has been sold. An affiliate of Dallas-based Caddo Holdings LLC purchased the tower at 17950 Preston Rd.

As part of the deal, Caddo Holdings will spend $4 million in capital improvements to the office tower to boost building's occupancy.

The quality of the building, coupled with the strong demographics surrounding Preston Rd. and Franklin Rd. attracted the investors to Preston Plaza, said Justin Engler, one of Caddo's partners overseeing property acquisitions for the company.

According to a report from Colliers, the Dallas Class A office market continues to lead the market by a wide margin with increasing occupancy and rents. 

Far North Dallas was one of the metro’s stronger submarkets, with recent transactions achieving $160–$220 per sf sales prices.

Read more at the Dallas Business Journal.

See more office data under DFW Market Data Sources.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/02/north-dallas-office-sold.html/Read more at {Source}

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