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Accesso Partners bought the 151K SF One Allen Center, a Class-A office building on Central Expressway in Allen.
The office building will cater largely to small and midsize tenants who want to set up shop in a high-growth market, Accesso Chief Investment Officer Brian Rosen said.
Allen is one of the fastest-growing suburbs in the DFW metro — $900M of projects are under construction or in planning within five minutes of One Allen Center alone. The building is in a buzzy, walkable area of Allen, one block from the $91M conference center/Delta hotel that is slated to wrap up construction in 2018.
Accesso believes the combination of growth, good schools and amenities makes its new asset a winner. With the building sitting pretty at 90% occupancy, it is hard to argue with that.
