KBS Realty Advisors has purchased a 98,750-square-foot, class A office building in Plano, Texas, for an undisclosed price.
The three-story property, Parkwood Place I, is located at 5601 Democracy Drive. It was built in 2006 and was 83 percent occupied at the time of sale.
Myers & Crow-Kennedy Real Estate Advisors sold the facility.
With the acquisition of Parkwood Place I, the KBS portfolio in Texas now totals more than 8 million square feet, including more than 2.4 million square feet in the Dallas/Fort Worth area.