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EXECUTIVE SUMMARY
Contact Us
This site is not maintained by Colliers International Group Inc. or its affiliates (“Colliers”). Any use of this site, and any information you provide to this site, will be governed by the terms and conditions of this site, including those relating to confidentiality, data privacy and security. Colliers is not responsible for the information and content on this site. You are encouraged to review the privacy and security policies of this site, which may be different than those maintained by Colliers.
Scott Ryan
+1 214 690 9560
scott.ryan@colliers.com
+1 214 706 6048
johanna.ramirez@colliers.com
+1 415 288 7840
jeremy.thornton@colliers.com
+1 214 706 6047
cl.boyd@colliers.com
+1 214 706 6029
creighton.stark@colliers.com
Johanna Ramirez
Jeremy Thornton
Chris Boyd
Creighton Stark
Exclusive Marketing Advisors
Acquisition Financing Advisor
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The Opportunity
Brochure
Confidentiality Agreement
Mark Meador
STATE-OF-THE-ART FITNESS CENTER
BUILDING AMENITIES
UPDATED TENANT LOUNGE AND CAFE
BEST-IN-CLASS CONFERENCE AND TRAINING
CENTER
EFFICIENT FLOORPLATES WITH 10’ CEILINGS
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Preston Park located at 1800 and 1820 Preston Park Boulevard in Plano, Texas. The property is comprised of two Class A multi-tenant office buildings comprising approximately 198,788 square feet.
Originally completed in 1997, Preston Park features newly renovated lobbies, common areas, tenant lounges, and tenant conference centers. In addition to these attributes, the combined 12-acre site is located with convenient accessibility to Preston Road, Dallas North Tollway, George Bush Turnpike, and Central Expressway. This prime location provides walkability to the amenity rich Preston Park Village and Park Boulevard with premier restaurant and retail options, fitness centers, and child care, as well as close proximity to Legacy West, CityLine and both commercial airports (DFW – American Airlines headquarters and Love-Field – Southwest Airlines headquarters).
Plano’s growth continues to be exponential, with visionary companies quickly discovering Plano is the best address for their success. Many Fortune 1000 companies have relocated to Plano for their North American headquarters, including Toyota, Cinemark Theatres, Frito Lay, Dr. Pepper, and Liberty Mutual. With the $2 Billion mixed-use Legacy West development, Plano has become the all-encompassing corporate hub of Dallas.
ARAPAHO DART RAIL STATION
ACROSS FROM
CENTER FOR
ENTREPRENEURSHIP & COLLABORATION
PREMIER
TECH HUB
OVER 50%
OF RICHARDSON BUSINESS
CONTAINS
BRAND NEW
NAME, LOGO & ZONING CODE
2020 REBRAND
OF RICHARDSON IQ
OVER 1,000
BUSINESSES
1,200
ACRE AREA
1,900
PEOPLE EMPLOYED
DUAL FIBER OPTICS FEED, WIRED CERTIFIED
UP TO 6.0 / 1,000 PARKING RATIO
LEED CERTIFIED GOLD
1425 Greenway Drive
Irving, Texas
Institutionally Maintained | Heart of Las Colinas
The Opportunity
Investment Highlights
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Area Snapshot
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214 706 6048
johanna.ramirez@colliers.com
The Opportunity
Photo Gallery
Outdoor
Lounge Area
3.9/1,000 Parking Ratio
Floor-to-Ceiling
Glass
Fitness
Center
VIEW BROCHURE
CONFIDENTIALITY AGREEMENT
Colliers is pleased to exclusively offer qualified investors the opportunity to provide Limited Partner Equity Investment (L.P.) in The Meridian, an approximate 100,359 SF, 85.1% occupied, six-story, multitenant office building located in the Las Colinas submarket of Dallas, Texas. This is an opportunity to recapitalize a value-add office investment with existing General Partner (G.P.), Capstar Real Estate Advisors, an experienced Dallas-based owner, operator and developer.
Renovated most recently in 2016, The Meridian stands in the southeast quadrant of two major DFW arteries, John W. Carpenter Freeway (Hwy 114) and President George Bush Turnpike (Hwy 161). Located in the heart of Las Colinas Office Center, The Meridian provides superior access to the region’s most visited locations including the Las Colinas Urban Center (home of Toyota Music Factory), Cypress
Waters (home of Alcatel Lucent and Toyota Finance), Downtown Dallas, and both Dallas-area commercial airports, DFW International Airport and Love Field Airport.
Dallas and North Texas continue to be a global destination for growth. In addition to the plethora of existing infrastructure, Jerry Jones’ Blue Star Land, in a partnership with Lincoln Property Company, recently began phase two of Star Park, a mixed-use development adjacent to The Meridian. The 36- acre development will include multifamily housing, hospitality, office, and retail, securing The Meridian in a sea of new development.
As Dallas continues to be a global destination for corporate relocations, thanks to strong market fundamentals including unparalleled access to transportation, a talented workforce, business friendly regulatory climate and low cost of living, Las Colinas has been the beneficiary of significant absorption. Now home to McKesson, the 7-11 headquarters and Alcatel-Lucent, the submarket is expected to
remain a magnet for corporate relocations and subsequent ancillary companies.
