Los Angeles-based investment management firm Stanton Road Capital, LLC (“SRC”) has acquired Campbell Glen II (1125 E. Campbell Road), a 210,000 SF Class “A” office building located in the Richardson submarket of Dallas.
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, 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.
“We have been successful in repositioning office assets in the Dallas market and see great opportunity with 1125 E. Campbell Road. 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.
Source: Stanton Road Capital