465 Independence

  • Size
    250,000 SF
  • Built
    2014
  • Stories
    4
  • Parking
    3.5:1000
  • lease
  • manage
  • own
  • sold

The Story

Developed in partnership with PCCP, 465 Independence was originally a build-to-suit for a global telecom company. Our tenant was acquired, no longer needed their space, and bought out of their lease prior to taking occupancy. Located in Plano, but not in one of the premier submarkets, the lease-up took time. Today 465 Independence is 100% leased to an investment-grade defense contractor.

The Scorecard

Cost | $53.1 Million

IRR | 21%

Multiple | 3.2x

Hold Period | 7 Years

The Location

sold
465 Independence
465 Independence Parkway
Plano, Texas 75075
250,000 SFBuilt 20144 Stories3.5:1000
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