Amax Investment Co Acquires Prestonwood Park Retail Center In Plano

An affiliate of Amax Investment Co, a Plano-based company, has recently acquired the Prestonwood Park retail center located at 6505 West Park Boulevard in Plano. This retail center, spanning across 163,341 square feet, boasts a diverse tenant mix, including popular brands like Sally Beauty and Mama's Daughters Diner. The property was sold by Hartman SPE LLC, a Houston-based real estate investment trust that is currently divesting its properties.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 163,341
• Address: 6505 West Park Boulevard
• Market: Plano

Amax Investment Co's affiliate secured the necessary financial support for this transaction through Midfirst Bank, acting as the lender. This acquisition expands Amax Investment Co's real estate portfolio and strengthens their presence in the Plano market.