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8/10/26
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BH Properties has purchased Tollway North Office Park, a 297.6k sf, seven-building business park in Plano, TX. The property covers more than 27 acres at 6501-6513 Windcrest Dr and 5200-5208 Tennyson Pkwy.
Tollway North is immediately adjacent to BH’s R&D at Legacy in Plano's highly sought-after Legacy area. The campus sits within one of the nation's strongest corporate employment centers, surrounded by major headquarters, mixed-use developments, dense residential, and destination retail including Legacy West and The Shops at Legacy.
The combined campus benefits from strong market fundamentals as the Legacy corridor continues to attract corporate investment and employment growth. The area is home to numerous Fortune 500 and global companies, with AT&T's planned global headquarters expected to bring thousands of its employees to the immediate area beginning in 2028.
Currently 70% leased, Tollway North consists of seven single-story office buildings totaling nearly 300k sf and provides tangible value-add opportunities. Built between 1998 and 2000, the campus features efficient floor plates, dedicated tenant entrances, abundant parking, and flexible building configurations that support office and flex space users.
BH Properties plans to capitalize on the property's leasing upside while evaluating future repositioning opportunities that reflect changing occupier preferences. The single-story design, efficient layouts, tenant-controlled entrances, and generous parking ratios provide significant flexibility for traditional office, flex office, and other employment-oriented uses over time.
The seller, KBS, was represented by Newmark’s Dallas team of Gary Carr, Chris Murphy, Robert Hill, and Austin Sheahan. BH was repped by Scott Henry, the firm’s managing director of Texas acquisitions based in Dallas. Terms of the deal were not disclosed. Stream Realty’s Chase Lopez, James Mantzuranis, and Sam Bass in Dallas will be representing BH on leasing.
"This acquisition represents the culmination of a strategic investment thesis we've been executing over the past year," said Jim Brooks, President of BH Properties. "By assembling the R&D at Legacy campus with Tollway North, we’re creating a uniquely scaled position in one of the nation's premier corporate corridors. We continue to see compelling opportunities to acquire well-located assets where our operating platform, leasing expertise and long-term investment horizon allow us to enhance our property values over time."
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