The Points at Waterview, the property was 94 percent leased at the time of acquisition. The acquisition represents SRC’s sixth investment in Texas since 2014.
Stanton Road Capital LLC through its affiliate, SRC Waterview Owner LP, announces the acquisition of 3400 Waterview Parkway, a 202,695-square-foot class A office building located in Richardson.
Stanton Road Capital, LLC has just acquired through an affiliate 100 S. 4th St., a 249,000 square foot class A office building in the CBD commonly known as the Deloitte Building. It’s another sign that the downtown market here has popped up on the radar screens of out-of-town investors as leasing shows signs of improvement and major infrastructure projects approach completion.
In a Dallas area investment buy from a month or so ago, a partnership of Stanton Road Capital LLC and Vancouver-based Second City Real Estate purchased a 159k sf office building at 3660 Regent Blvd, in the city's Freeport submarket. The property was sold by Persis Corporation for about $20 mil ($126/sf) in an off-market deal.
In its quest for more value-add Texas deals, LA-based Stanton Road Capital closed on its second Texas deal in less than three months with an off-market acquisition in the Freeport area. SRC founder Tim Ronan gave us the deets and how SRC is leaving no stone unturned for Dallas deals.
Showing its love for Market Square Park, Stanton Road Capital purchased 801 Congress. Managing partner Tim Ronan tells us it sourced the deal off-market in its quest for sub-institutional (sub-$30M) value-add office buildings in Texas and Southern California.