Cushman & Wakefield closes disposition of eight-property industrial portfolio in Plano

Cushman & Wakefield announced the commercial real estate services firm has arranged the disposition of the Plano Industrial Portfolio, which includes eight buildings totaling 846,261 square feet, to DRA Advisors.

Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke, Madeleine Supplee and Trevor Berry represented the seller.

The portfolio is located immediately northeast of the U.S. Highway 75/President George Bush Turnpike interchange in Plano, Texas, and is 100% leased to 15 tenants whose average tenure is 10 years, highlighting the key location and functionality of the buildings.

Buildings in the Plano Industrial Portfolio include:

  • 2700 Summit Avenue, a 120,276 square foot property
  • 2701East Plano Parkway, a 53,833 square foot property
  • 2801 East Plano Parkway, a 65,135 square foot property
  • 3101 Summit Avenue, a 140,593 square foot property
  • 3301 East Plano Parkway, a 70,880 square foot property
  • 3501 East Plano Parkway, an 82,880 square foot property
  • 1100 Klein Road, a 104,104 square foot property
  • 3601 East Plano Parkway, a 210,560 square foot property