The 240,000-square-foot Richardson Office Center campus is located on President George Bush Highway.
RICHARDSON, TX—Pillar Commercial, through its Pillar Real Estate Fund I, has acquired the 240,000-square-foot Richardson Office Center campus, located at 3001 and 3101 E. President George Bush Highway. Pillar acquired the property from Buchanan Street and Carval Investors, which was represented by CBRE in the transaction. The price was undisclosed.
Senior debt financing for the acquisition was provided by Bank of Texas. The CBRE debt team of Greg Greene, Scott Lewis and Matt Ballard sourced the loan on behalf of Pillar Commercial.
Built in 1998 and 1999, Richardson Office Center I and II are situated on 18 acres near the intersection of Renner and State Highway 190, providing access to DFW International Airport and other major business centers throughout North Texas. The 2-million-square-foot State Farm campus and CityLine development are just west of this location.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
