Founders Properties, a private real estate investment management firm, announced the sale of 2925 E. Plano Parkway in Plano, Texas.

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"We brought the property to market fully leased with a long-term tenant,” said Kim Hofstede, Managing Director, Portfolio Management at Founders Properties. “This, combined with the continued high demand and limited availability in the Northeast Dallas submarket, signified the right time for us to realize this investment.”

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The 107,155 SF industrial building serves as the U.S. headquarters of a leading global technology and security provider. The asset is located in the high-growth Plano micro market, ideally situated within the Research / Technology Zoning District.

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CBRE represented Founders Properties in the sale of the asset.

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About Founders Properties
Founders Properties is a privately held real estate investment management company based in Minneapolis, MN. The firm has been investing in private commercial real estate for 25 years on behalf of high-net-worth and institutional investors. Founders’ expertise is in industrial properties.

 

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Media contact:

Maureen Richardson, River Communications

mrichardson@riverinc.com

(914) 686-5599