Provident Realty Advisors Acquires Lakeside Campus Office Property In Richardson From Trigild

Provident Realty Advisors acquired a two-building office campus located at 2201 & 2221 Lakeside Boulevard in Richardson, Texas. The asset spans 807,354 square feet and is situated on 18 acres. The property is anchored by RealPage and is currently 69% leased. The Class A property features prominent amenities, including 65,000 square feet of data center space, and has undergone over $13 million in upgrades since 2015.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Buyer: Provident Realty Advisors
• Seller: Trigild
• Brokers: Chris Murphy, Gary Carr, Robert Hill & Stephen Schwalb - Newmark

This transaction highlights the involvement of Newmark as the exclusive broker representing the buyer, Provident Realty Advisors, and the seller, Trigild, in this significant deal within the Richardson market.