InvestWell, eyeing a Nov. 1 relocation, will take over street-level space at 1702 N. Collins Blvd. in Richardson. The firm is a short-term financing vehicle for real estate investors in the US, formed last year with the merger of Wonderfunding, Ready Mortgage, Ready America Funding and Capital Reserve.
Carter Shillig and Janice Peters with Dallas-based Henry S. Miller Commercial represented the Dallas-based building owner, Garvon Inc., while the brokerage house's Ron Belanger negotiated terms for InvestWell. Shillig says the 50,00-sf building, 33% occupied with the new deal, is tagged with a $16.50 per sf street rate. "We negotiated based on the rate and they are going to provide their own finish," he says about the terms. "Trust me, it was a real good deal. This is kicking us off for the building and tenant to move forward."
The headquarters coup came with "an inside track" to open talks for the structure, now being called InvestWell Building, according to Shillig. "Richardson is so soft," he says, "and it's a great tenant to have." The office space has been empty at least a year.
InvestWell has five offices in the Dallas area, with the headquarters at 833 E. Arapaho Rd. "Our relocation sets the stage for significant company growth nationwide," Todd Etter, InvestWell president and CEO, says in a press release. The headquarters office was picked for a central location with the other offices, Etter indicated in the release.
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