Stream Realty Arranges Dallas Office Sale

5500 W. Plano Parkway. Image courtesy of Stream Realty Partners

Peacock Point LLC has purchased 5500 W. Plano Parkway, a two-story office building in Plano, Texas. The property was sold by Hacienda Care V, a limited partner of Preferred Care Partners Management Group.

Stream Realty Partners arranged the sale of the vacant building, with Senior Vice President Ryan Evanich and Managing Director Jamie Jennings representing the seller. Goodwin Advisors brokered the deal on behalf of the buyer.

Preferred Care purchased the building back in 2010 from Wynn-Crosby, according to CommercialEdge data. In the same year the property became subject to a $2.9 million loan originated by BOKF Bank, the same source shows.

The Class A property comprises 30,066 square feet of office space and a 7,640-square-foot basement, which can be used as a showroom or storage area. The building has a steel frame construction type and masonry exterior, and features controlled access, an elevator and 124 surface and covered parking spaces.

The property is located at 5500 W. Plano Parkway in the Platinum Corridor North submarket. The building sits on a 2.2-acre site near President George Bush Turnpike and Dallas North Tollway, which provide easy access to downtown Dallas.

Recently, Stream Realty got the assignment to lease The Dupree, a 137,818-square-foot office building in Atlanta. The Class A property owned by Bridge Investment Group has undergone a $3.4 million renovation.