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PRP Refinances FedEx Office's Texas Hub as Property Value Climbs

Campus Value Increases 8.6% in Less Than Three Years
The four-story, 264,000-square-foot office building was one of the first buildings to be constructed in Legacy West, a mixed-use development in Plano, Texas. (CoStar)
The four-story, 264,000-square-foot office building was one of the first buildings to be constructed in Legacy West, a mixed-use development in Plano, Texas. (CoStar)

Real estate investment management company PRP has refinanced the Dallas-area office of FedEx Corp. in a deal that increases the value of the campus to $86.5 million, up about 8.6% since buying the office property less than three years ago.

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