PLANO, TX—Preston Park is a two-building 199,000-square-foot office property located on 12 acres at 1800 and 1820 Preston Park. The buildings were completed in 1997 and 1998, and recently updated with upgrades to the lobbies, common areas, tenant lounges and conference center.
TerraCap Management LLC, a Florida-based privately held investment firm, acquired the buildings last month. The campus is positioned near the West Park Boulevard retail, restaurant and entertainment thoroughfare a mile north of the President George Bush Turnpike.
Lincoln Property Company recently assumed leasing and management of the buildings. This is Lincoln Property Company's third partnership with TerraCap in Dallas/Fort Worth, following the assignments of The Addison in 2018 and Preston Park Towers in 2019 (less than a half-mile from the new acquisition).
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
