Joint venture to acquire Plano Corporate Center

Deal would include vacant lots

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Pacific Coast Capital Partners, a full-service real estate investment firm and lender, and Lincoln Property Co., a developer, have formed a joint venture for the acquisition, lease-up and development of Plano Corporate Center in Plano, Texas. The property is comprised of two three-story office buildings located at 2201 and 2301 West Plano Parkway totaling 308,038 square feet, and two separate land parcels totaling 14 acres. The developed portion of Plano Corporate Center consists of two buildings located on separate parcels, Corporate Center I and Corporate Center II. Center I consists of a 153,349-square-foot building, which is 66 percent leased to five tenants. Center II consists of a 154,689-square-foot building, and is 78 percent leased to six tenants.  The buildings were built in 1999 and 2001, respectively, and offer easily divisible floor plans to accommodate both large and small tenants. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....