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
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1217 Digital Drive, Richardson
- Market: Richardson
- Landlord: Kennington Campbell LLC
- Tenant: Talley Riggins Construction Group LLC
- Landlord's Rep: Jared Laake & Brian Pafford of Bradford Commercial Real Estate Services
- Tenant's Rep: Chris Wright of JLL
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
Richardson Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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