586k SF, 3-building campus in Richardson, Texas; 100% leased to roster including Steward Healthcare, Service King, Goldman Sachs, Raytheon and CBRE IT. Existing ownership will retain the campus' fourth building, which is fully leased to Bank of America.
- Holiday Fenoglio Fowler, L.P. (“HFF”) has been exclusively retained to offer to qualified investors the opportunity to purchase three of the four buildings that comprise Galatyn Commons (the “Property” or “Complex”), a Class A office complex totaling 784,962 square feet along Highway 75 in Richardson, TX. The “Offered Property” or “Offering” consists of 586,227 square feet and is 99.7% leased to five established tenants with a weighted average lease term of 13 years. The beneficiary of a $45 million repositioning, Galatyn Commons is an amenity-driven campus that has attracted 585,000 square feet of new tenancy in less than two years. The quality of the campus environment coupled with the long-term viability of the amenity package provides potential investors with the unique opportunity to acquire a truly differentiated asset with long-term, durable cash flow.
- In addition, Galatyn Commons presents a rare and coveted opportunity to make a scalable investment in a stabilized campus located in the core of one of North Dallas’ most successful mixed-use environments. Investors will benefit from the embedded upside of contractual in-place rents, as well as the ability to capitalize on Dallas’ robust market dynamics.
- Existing ownership will retain the fourth building (Building C), which is fully leased to Bank of America through May 31, 2023.