Cushman & Wakefield, as exclusive advisor, is pleased to present Central Five Hundred (the “Property”), a Class A office building totaling 237,625 square feet in Plano, Texas. The property is strategically located at the junction of Central Expressway and President George Bush Turnpike. The extensive building renovations were completed in 2020 that included move-in ready spec suites, a new fitness center, tenant lounge, conference center, and an on-site deli. Currently 76% leased to a diverse mix of desirable and financially established tenants, the project offers investors a secure and stable cash flow base with strong upside potential to increase rental rates as below market leases expire into a rising rate environment. The Property has been institutionally owned and maintained with a proactive capital improvement program.
Central Five Hundred is in the Plano-Richardson Submarket of Dallas-Fort Worth at the confluence of two major highways, Central Expressway (US 75) and President George Bush Turnpike, benefiting from connectivity and accessibility to all parts of Dallas. Situated in Plano, less than five minutes from the CityLine mixed-use development, Collin Creek Shopping Center, Richardson Plaza, and Sherrill Park Golf Course. Plano-Richardson is home to numerous global companies and is currently experiencing some of the strongest leasing velocity within the DFW market. Major leases signed in 2025 include AT&T (186k SF), Geico (165k SF), University of Texas (142k SF), Trinity Insurance (67k SF), Continental Electronics (45k SF), and ON Semiconductors (36k SF). As a proven destination for both large corporate users and small-to-mid size firms, coupled with a lack of new planned development, Plano-Richardson is poised for continued long-term success.