In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leased 100% to AT&T, the property will undergo major physical repositioning as SRC is poised to invest significant post-acquisition capital to establish the building as one of the most desirable high-density office properties in Richardson.
Planned investments include a complete overhaul to the building’s lobby and common areas, as well as implementation of SRC’s tenant amenity package concept known The Outpost. Designed to attract and retain high-quality corporate tenants, The Outpost includes a suite of on-demand offerings, such as a fully modernized fitness center, tenant lounge with Wi-Fi, fresh grab-and-go food and beverages, and outdoor communal and recreational spaces. In addition to these amenities, SRC will be developing a structured parking garage to provide covered parking and an overall parking ratio in excess of 6/1,000 square feet.
The area continues to attract top tier corporations and we believe investing capital in our amenities and upgrades will position 1125 E. Campbell to attract high-quality tenants,” said Tim Ronan, Jr., Founder and Managing Partner of SRC.
Clint Madison and John Fancher with Cushman & Wakefield will serve as the leasing agents for the property. The sale transaction was facilitated by Christopher Murphy with HFF in Dallas.