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Dallas-based real estate investor Caddo Holdings has sold one of its North Texas properties to a Houston-based limited partnership for an undisclosed sum.
The 31-year-old office building, called Preston Plaza, totals 259,009 square feet and sits at the intersection of Preston and Frankford roads in North Dallas.
At the time of the closing, the building was 91 percent occupied by office tenants, including Sovereign Bank, The Ayco Company and Progressive Casualty Insurance.
The North Dallas office…
Dallas Business News - Local Dallas News | Dallas Business Journal
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Dallas' Caddo Holdings sells North Dallas office property