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January 31, 2023
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Owner/User Buys 115k sf Office Building in Allen, TX

1/24/23

Allen Office Center, a 115.2k sf office building in Allen, TX was purchased by Toruk LLC. Located at 805 S. Central Exwy, the two-story property was largely vacant at the time of sale but will soon be the corporate headquarters for an entity of the buyer, Sol-Ark, which sells a line of solar-generating and energy-storage technology products for homes and businesses.

Built in 1998, the property is located 30 miles from downtown Dallas and on the southeast corner of Bethany Rd and North Central Expwy (I-75). It has more than 250 restaurants and three major shopping centers within a five-mile radius.

Susan Gwin Burks, John Bowles, Bruce Butler and Philip Boren with Avison Young, along with Clint Madison and Rodney Helm of Cushman & Wakefield, represented the seller, Gladstone Commercial. Toruk LLC was repped by Matt Middendorf of Middendorf Commercial Real Estate. The purchase and subsequent relocation of Sol-Ark offices from Plano to Allen takes the largest vacant office building off the market and improves the submarket’s overall occupancy rate.

“In a down market cycle, this transaction exemplifies success for the City of Allen as it is gaining a corporate user in the emerging solar energy sector as well as one with favorable job creation and growth for the community,” noted Bowles.

Butler added, “Allen Office Center was an optimal fit for the Sol-Ark operations. It offered the necessary expansion space and provided an excellent working environment in a market with abundant amenities. The highly educated and skilled labor force in the Allen area was important to Sol-Ark and aligns with their talent recruitment needs.”




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