B.H. Properties Acquires Tollway North Office Park In Plano Texas From KBS For $70M

KBS sold Tollway North Office Park, a 297,591-square-foot, seven-building Class A office campus located at 5200 Tennyson Parkway in Plano, Texas. The property is situated within a key area known for its Legacy Business Park location and value-add potential.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 5200 Tennyson Parkway
• Market: Plano, TX
• Asset Size: 297,591 SF
• Buyer: Steve Gozini & Scott Henry - B.H. Properties
• Seller: Charles Schreiber Jr & Brett Merz - KBS
• Brokerage Firm: Chris Murphy, Gary Carr, Robert Hill & Austin Sheahan - Newmark

Newmark represented KBS in the transaction, facilitating the sale of the property which garnered significant investor interest due to its desirable location and the opportunities it presents for value enhancement.