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Texas  + Dallas-Fort Worth  + Office  | 
Plano HQ 53 Sells to Cawley Partners

HQ53 Changes Hands in Plano

The five story office building was constructed in 2021 in the Legacy submarket location. Newmark represented the seller, Cawley Partners in the sale to buyer, Drawbridge Realty.

HQ53 was fully leased to a single tenant, Aimbridge Hospitality, a global leader in third-party hotel management.

Newmark’s Chris Murphy said the competition for the asset was active, “Given the quality of the construction, asset age, secure income stream and Legacy submarket location, HQ 53 was met with robust demand, particularly when coupled with Aimbridge Hospitality’s strong credit profile.”

With a Headquarters Drive address, HQ53 is walkable to dining, shopping, entertainment and residences at the Shops of Legacy and Legacy West Urban Village.

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Inside The Story

Chris Murphy

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition