Hawaiian Investor Snaps Up New Plano Office Project

A new West Plano office project has sold to a Hawaii investment company with a storied past.The Platinum Park building in Plano's Legacy business park was built by Stream Realty Partners on Tennyson Parkway just south of the Legacy West development.The 166,324-square-foot building is the first phase of a new office campus on the site.Stream Realty sold the building to James Campbell Co., a Hawaii-based company that traces its start back to the 1800s.Irish-born James Campbell migrated to Hawaii in 1850, built multiple businesses and became one of the islands largest property owners.The investment company that bears Campbell's name is owned by his descendants and now owns real estate valued at more than $3 billion in 13 states.The company already owned industrial and office buildings in Dallas, Plano, Fort Worth and Arlington before buying the 5-story Platinum Park offices.Commercial property firm CBRE marketed the building for sale.Stream Realty's Matthew Wieser said the project was fully leased at the time of sale.Tenants in the Plano building include tenants including Hewlett Packard, BroadSoft and CMI Group.The Platinum Park building is just the latest office property to hit the market in the Dallas North Tollway corridor in Plano and Frisco.Almost a dozen office buildings have recently sold or are up for grabs in what is one of North Texas' hottest business districts.  Continue reading...