BH Properties has expanded its Texas presence with the purchase of Parkway Centre IV, a 153,238-square-foot office building located along the Dallas North Tollway in Plano, Texas.
Purchased from an investment entity of Goldman Sachs, the property boosts the Los Angeles-based investment firm’s holdings in Texas to 32 properties representing 4.6 million square feet. The purchase price and terms of the deal are not available.
Built in 2006, Parkway Centre IV recently underwent more than $2 million in renovations and is located along West Plano’s Dallas North Tollway Corridor, home to such companies as Toyota North America, J.P. Morgan, PepsiCo, and Liberty Mutual. Parkway Centre IV is institutional in quality and highly visible from the tollway. The 6-story office property offers a two-story atrium lobby, numerous amenities, and an abundance of surface and covered parking.
Newmark’s Dallas investment sales team, led by Gary Carr and Chris Murphy, represented the seller, while Scott Henry, Managing Director with BH Properties locally, represented the buyer.
BH Properties has been active in the Texas market since 2002, with offices in Dallas and Houston. Currently, the company has more than 100 properties in 16 states.
