Precise Investors

Friday, December 3, 2021
Latest News

Plano tower sale hits near record price

A Plano office tower has sold for one of the highest prices ever paid for a suburban high-rise.

The former Encana Oil & Gas building located in Legacy business park sold for $123.3 million (£96 million) – or almost $386 (£303) per square foot – to Dallas-based Tier REIT.

The sale of the 12-story high-rise comes five years after the tower last traded for an estimated $373 (£293) per square foot or $120 million (£94 million). Tier REIT bought the 319,000-square-foot building located just east of the Dallas North Tollway from Arizona-based VEREIT.


The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply