Parkwood Place comprises 98,750 square feet of space in a three-story building in Plano.
PLANO/FRISCO, TX—Recent acquisitions in Plano and Frisco are an expansion of a platform launched in 2018 that includes assets in San Diego and Phoenix, and targets class-A office buildings in high job-growth markets. Admiral Capital Group's core-plus investment platform recently acquired two class-A office properties in the Dallas metro area totaling approximately 260,000 square feet. The purchase prices were undisclosed.
Duke Bridges III comprises 161,131 square feet in a three-story building in Frisco. This city is the fastest growing in the United States according to the US Census Bureau. Duke Bridges III was built in 2007 and is 94% leased to tenants in the technology, government and business services industries.
Parkwood Place comprises 98,750 square feet in a three-story building in Plano, near the heavy amenity base at Legacy West. Parkwood is equipped with a tenant lounge and a conference room facility. Parkwood was built in 2005 and is 76% leased to 20 different tenants.
Stream Realty Partners will serve as the leasing and property management team for Parkwood and Duke Bridges III.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
