DALLAS MORNING NEWS
By: Steve Brown, Real Estate Editor
Westmount Realty Capital – a major investor in downtown Dallas – is making a play in the suburbs.
The real estate investor has bought part of the former Alcatel USA campus in Plano and plans to market it to business tenants.
The two buildings at 1000 Coit Road were remodeled in 1998 and have about 420,000 square feet.
Along with 180,000 square feet of office space, the complex includes a warehouse and full-service cafeteria.
“This property is an exciting addition to Westmount’s value-added portfolio and perfectly aligns with the company’s acquisition criteria,” said Westmount president Clifford Booth.
The project comes with office cubicles for 700 workers and enough high-tech gear to accommodate almost any tenant.
Westmount hired Capstar Commercial Real Estate Services and Binswanger Cos. to market the property.
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