Plano: Headquarters Village sold for $25.7MPlano: Headquarters Village sold for $25.7Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=77862013-04-04T13:30:00Z2013-04-04T00:00:00Z

PLANO - Whitestone REIT has purchased the 89,134-sf Headquarters Village at 8240 Preston Rd. (just south of SH 121) from St. Ives Realty Inc. for $25.7 million.

The 9.51-acre mixed-use property includes 67,141 sf of retail space and 22,256 sf of office space.

The property is 97 percent leased, includes an adjacent parking expansion area and has in-place cash flow of approximately $2 million, or 8 percent of the purchase price.

The four-year-old asset is adjacent to the 2,665-acre Legacy master-planned community, which serves Plano and Frisco.

Source: Whitestone REIT

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