Companies announce acquisition of two office buildings in Richardson

The property at 2021 Lakeside Blvd., Richardson, is one of two large-scale office buildings recently purchased in Richardson. (Courtesy BH Properties)
The property at 2021 Lakeside Blvd., Richardson, is one of two large-scale office buildings recently purchased in Richardson. (Courtesy BH Properties)

The property at 2021 Lakeside Blvd., Richardson, is one of two large-scale office buildings recently purchased in Richardson. (Courtesy BH Properties)

Two large-scale office buildings were recently purchased in Richardson.

The first acquisition, announced Jan. 6, is for Richardson Medical Center, an office building at 2100 N. Collins Blvd., Richardson. The buyer was a local user whose identity has not been revealed.

The three-story, 32,425-square-foot building has an occupancy rate of 11.3%. It includes space for medical offices and general office space, according to a brochure provided by Capstone Commercial.

The second acquisition, announced Jan. 7, is for the vacant building at 2021 Lakeside Blvd., Richardson. The buyer is BH Properties, a Los Angeles-based real estate investment company.

This is BH Properties’ second Richardson acquisition in the last two years, according to a press release from the company. It also owns the building at 1410 Renner Road, Richardson, according to the release. The company said it plans to take advantage of the two-story office building’s proximity to CityLine, a well-amenitized mixed-use development located across the street.

The four-story property on Lakeside is vacant and includes 60,000 square feet of office space, according to the release.

“We liked the size of the Lakeside asset, as it offered an excellent leasing opportunity well-suited to a sole tenant or multiple tenants drawn to its high-visibility location,” Andrew Van Tuyle, senior managing director of investments for BH Properties, said in the release. “Our business plan is to buy vacancy, especially in high-growth areas like Dallas/Fort Worth, which has caught the eye of many large corporations such as State Farm Insurance, which built one of three regional campuses here. It is difficult to find a vacant building of this quality in Richardson.”
By Olivia Lueckemeyer

Olivia Lueckemeyer graduated in 2013 from Loyola University New Orleans with a degree in journalism. She joined Community Impact Newspaper in October 2016 as reporter for the Southwest Austin edition before her promotion to editor in March 2017. In July 2018 she returned home to the Dallas area and became editor of the Richardson edition.


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