KBS Sells 297,591 SF Tollway North Office Park in Plano to BH Properties

KBS, a California-based investment firm, has finalized the sale of the Tollway North Office Park, a substantial 297,591-square-foot property in Plano, Texas. The buyer is BH Properties, an investment firm based in Los Angeles. This transaction involves a seven-building campus spanning approximately 27 acres, strategically located within Plano's Legacy Business Park.

The office park is designed to accommodate a diverse range of tenants, including traditional office users, as well as those in the life sciences and light industrial sectors. At the time of the sale, the property maintained an occupancy rate of approximately 70 percent. Newmark's Chris Murphy, Gary Carr, Robert Hill, and Austin Sheahan represented KBS during the sale process. BH Properties handled its representation internally, with Scott Henry overseeing the acquisition.

For developers and investors, this sale highlights continued activity in the North Texas commercial real estate market, particularly for properties offering flexible use cases within established business parks. The ability to support various tenant types, from office to life sciences and light industrial, positions such assets favorably in a dynamic market.