Rosewood Property Company acquired full ownership of a two-building, 200,818-square-foot industrial asset in the East Plano, Texas, submarket, buying out interest from Pillar Commercial. Terms of the deal were not disclosed.
The 100% occupied property is located at 3700 and 3712 E. Plano Pkwy. Completed in 2022 and purchased by Rosewood and Pillar in late 2024, the buildings feature 24-foot clear heights, dock-high loading doors and an 185-foot truck court. The property is leased to a diverse mix of tenants, including Acre Security, Ulrich Medical USA, Cheer Athletics, Senderra Specialty Pharmacy and CSA Group.
State Farm Life Insurance Company was Rosewood’s lender in the acquisition. JLL’s John Bauman arranged the financing on Rosewood’s behalf.
