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Deal marks third partnership with owner TerraCap Management in DFW

Lincoln Property Company (LPC) announced it has assumed leasing and management of Preston Park, a two-building, 199,000-square-foot office property in Plano, Texas.

Located on 12 acres at 1800 and 1820 Preston Park, the buildings were completed in 1997 and 1998, and were recently updated with upgrades to the lobbies, common areas, tenant lounges and the conference center. The campus is well-positioned near the busy West Park Boulevard retail, restaurant, and entertainment throughfare, and 1 mile north of the President George Bush Turnpike.

TerraCap Management LLC, a Florida-based privately held investment firm, acquired the buildings in October 2020. Preston Park marks Lincoln Property Company’s third partnership with TerraCap in Dallas/Fort Worth, following the assignments of The Addison in 2018 and Preston Park Towers in 2019, which is less than a half mile from the new acquisition.

“Preston Park is a perfect complement to TerraCap’s adjacent property, Preston Park Towers,” said Mark Dickenson, Executive Vice President of Lincoln Property Company. “Our team has a proven positive track record in the Tollway/Plano submarkets and we are pleased to again partner with TerraCap as they expand their presence here.”

The LPC leasing team for Preston Park is Campbell Henry, Chris Axley, and Hudson Dozier, and property management is led by Andrew Jones.

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