Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1991
Building Area
Occupancy 77.0 %

Property Description

75% leased, 800k SF suburban office campus in Richardson, Texas. Serves as RealPage's HQ.

Investment Highlights

Retained on an exclusive basis, Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer qualified investors the opportunity to acquire Lakeside Campus (the “Campus”), a Class A office development anchored by RealPage (NASDAQ: RP) and Texas Capital Bank (NASDAQ: TCBI). The Campus includes two buildings totaling 810,599 square feet, located in Richardson’s Innovation District and proximate to one of the country’s leading STEM Universities, University of Texas at Dallas. Numerous high-profile corporate tenants office in the immediate area including State Farm, Raytheon, Blue Cross Blue Shield, Goldman Sachs, Bank of America, and Texas Instruments. The Campus, 77% occupied with a weighted average lease term of 7.8 years, offers one of Dallas/Fort Worth’s most exciting value-add opportunities; the investor can secure an immediate cash flow and lease up vacancy at market rental rates in one of the nation’s highest growth MSA’s.
Todd Savage
Todd Savage
Managing Director, Capital Markets
License details
TX-0509026
Parker McCormack
Parker McCormack
Director, Capital Markets
License details
TX-686138

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