ESJ Capital Partners has purchased Park Ventura, a single-story office and medical campus located at 5025–5085 W. Park Blvd. in Plano, Texas.
The 194,000-square-foot center is currently 90 percent occupied. The financial terms were not disclosed.
Originally developed between 1998 and 2000, the office park is home to tenants such as Chevron, Cardinal Financial and Radnet. ESJ plans to focus capital improvements on critical systems and the activation of multiple outdoor spaces.
“Plano is one of Dallas’ most dynamic suburbs. It has exceptional demographics and demand drivers and represents an ideal location for us to enter the Dallas market,” said Arnaud Sitbon, president and CEO of ESJ Capital Partners.
“Park Ventura presented an exciting opportunity for us to acquire a truly differentiated business park,” added Benjamin Small, managing director and head of real estate at ESJ. “It’s great physical real estate, has an excellent tenant base, a
