Newmark completed the sale of International Business Park 8, 9 and 10, a three-building, 304,099-square-foot office campus along the Dallas North Tollway in Carrollton, Texas.
Newmark Vice Chairmen Chris Murphy, Robert Hill and Gary Carr represented the seller, Billingsley Company, in the sale to an undisclosed user.
The campus is 79% leased to a diverse base of credit-quality tenants, with a five-year average occupancy rate of 85%.
International Business Park features a vibrant, live-work-play location in the fast-growing Upper Tollway/Legacy submarket. The campus is conveniently located near Dallas’ most sought-after shopping, dining and entertainment destinations, including West Plano Village, The Shops at Willow Bend and Preston Park Village. With immediate access to President George Bush Turnpike and proximity to Dallas North Tollway, the properties offer excellent visibility and premier accessibility.
