facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

1217 Digital Dr Richardson,...

Talley Riggins Construction Group Expands Headquarters At Campbell Creative Center In Richardson
LEASEDOffice

Talley Riggins Construction Group Expands Headquarters At Campbell Creative Center In Richardson

1217 Digital Dr Richardson, TX 75081, USA

Building Size

13,858 SF

Asset Type

Office

Closing

Aug 14, 2023

AI

Talley Riggins Construction Group LLC has expanded its Richardson headquarters at Campbell Creative Center to 13,858 sq ft. This marks the third expansion for the construction group since 2019, highlighting its steady growth. Talley Riggins now occupies half of the building, solidifying its position as the second-largest tenant in the historically well-leased center.

Summary of transation details

Talley Riggins Construction Group's expansion showcases their commitment to growth and their continued success. Their headquarters at Campbell Creative Center has become a significant anchor in the center, cementing their presence in the Richardson market. The expertise and guidance of Jared Laake, Brian Pafford, and Chris Wright were instrumental in facilitating this expansion venture.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

Richardson Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93