By Steve Brown
A debt settlement company is quadrupling the size of its headquarters with a move to Richardson.
DebtBlue is relocating its head office from Addison to the 1125 E Campbell Road.
The company is leasing more than 30,000 square feet of offices in the building, which is owned by California-based Stanton Road Capital LLC.
“DebtBlue is ready and excited to move to the Richardson area,” Jeremy Hillin, chief operating officer of DebtBlue, said in a statement. “The state-of-the-art building, amenities and location will help attract and retain DebtBluers who are centrally located to this area. This relocation will be a key milestone to the future of DebtBlue.”
The owners purchased the former Campbell Glen II building just over a year ago and has made significant upgrades to the property.Upgrades included a revamped fitness center, training room, tenant lounge, new food service and outdoor spaces.
“Our goal from the outset of our acquisition was to physically reposition and invest in the property to attract forward-thinking and growing firms from within the Dallas market and beyond, and DebtBlue fits that profile,” said Tim Ronan Jr., Founder and Managing Partner of Stanton Road Capital.
Ryan Hoopes, Clint Madison and John Fancher of Cushman & Wakefield handled the lease transaction.
“As DebtBlue’s business and market share continues to grow quickly, they needed to a strategic location and space that would support their short and long-term growth and make them competitive to hire their targeted employee talent,” Hoopes said.
Based in Los Angeles, building owner Stanton Road Capital has acquired almost 6 million square feet of properties since 2013.