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Elegant Investment Group Acquires Two Class B Office Buildings In Richardson From Arapahoe Grande Investment

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SOLD
Susan Gwin Burks
John Bowles
Bruce Butler

Texas

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Office147,292 SF
Sold 11/20/2025
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SOLD

Elegant Investment Group Acquires Two Class B Office Buildings In Richardson From Arapahoe Grande Investment

1200 South Sherman Street & 1300 South Sherman Street

See Similar Deals
Office147,292 SF
Sold 11/20/2025
Susan Gwin Burks
John Bowles
Bruce Butler
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:147,292 SF
Transaction Type:Sale

This transaction involved the sale of two fully-occupied Class B office/flex buildings situated at 1200-1300 South Sherman Street in Richardson, Texas. The total square footage of the asset is 73,646, located on a 4.71-acre lot. The properties were renovated in 2018 and are positioned near Interstate 75, contributing to their appeal in a competitive market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1200-1300 South Sherman Street
  • Market: Richardson
  • Buyer: Elegant Investment Group, Inc
  • Seller: Arapahoe Grande Investment, LLC
  • Brokers: John Bowles, Susan Gwin Burks & Bruce Butler - Avison Young

Avison Young facilitated this transaction, highlighting the strong buyer interest attributed to the properties' stable single-tenant occupancy and the limited new flex space in the Dallas-Fort Worth market.

Players

Susan Gwin Burks
Avison Young
Susan Gwin Burks
4 deals(214) 244-6054
BROKER
Bruce Butler
Avison Young
Bruce Butler
4 deals(214) 549-1471
BROKER
John Bowles
Avison Young
John Bowles
4 deals(972) 898-9944
BROKER
Avison Young
Avison Young
BROKERAGE

Details

SOLD
IMAGE: John Bowles, Susan Gwin Burks & Bruce Butler DATE: 11/20/2025 ADDRESS: 1200-1300 South Sherman Street MARKET: Richardson ASSET TYPE: Office ~ SF: 73,646 ~ ACRES: 4.71 BUYER: Elegant Investment Group, Inc SELLER: Arapahoe Grande Investment, LLC BROKERS: John Bowles, Susan Gwin Burks & Bruce Butler - Avison Young (@Avison_Young_Global) NOTE: Avison Young facilitated the sale of two fully-occupied Class B office/flex buildings in Richardson, TX, totaling 73,646 square feet, from Arapahoe Grande Investment to Elegant Investment Group. The properties, renovated in 2018 and located near Interstate 75, attracted strong buyer interest due to their stable single-tenant occupancy and limited new flex space in the DFW market.

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