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CBRE Sells 173k SF Of Office In Double Deal

CBRE Capital Markets’ Institutional Properties announces the sale of Dominion Legacy Office Center (below) in Plano and Lakeside II Office Center (above) in Lewisville. Developed by Myers & Crow Company and completed in 2014 and 2015, respectively, both properties are fully leased to single tenants and offer a combined total of 173,214 net rentable square feet and parking ratios that are well above the industry average.

CBRE facilitated the sale of two office properties from Myers & Crow to The Aztec Fund for an undisclosed price. Lakeside II Office Center (top image) in Lewisville is nearly 81k SF and Dominion Legacy Office Center (bottom image) in Plano is about 92k SF, giving the combined assets more than 173k SF.  

The Aztec Fund acquired the assets for an undisclosed price. CBRE’s Gary Carr, Eric Mackey, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh arranged the transaction on behalf of Myers & Crow. 

Both properties are fully leased to single tenants—which are likely very happy thanks to the above-average parking ratios. Lakeside II is fully leased to a regional service center of Teachers Insurance and Annuity Association of America. Dominion Legacy serves as the global corporate HQ of CompuCom Systems