J.C. Penney sells Plano campus for more than $400 million

J.C. Penney has sold its Plano corporate headquarters to a Dallas-based investment group.

The sale, one of the largest of the year in North Texas, was quietly completed in the final hours of 2016, Collin County deed records show.

A partnership headed by investor Sam Ware’s Dreien Opportunity Partners paid more than $400 million for the 1.8 million-square-foot headquarters complex just west of the Dallas North Tollway.

And along with the Penney buildings, almost 40 acres of surrounding land were included in the deal.

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