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

Property Image
SOLD
Robert Hill
Gary Carr
Chris Murphy
+ 1

Texas

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Office1,614,708 SF
Sold 11/13/2024
the dealplayerscompscontact
Property Image
SOLD

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

2201 Lakeside Boulevard & 2221 Lakeside Boulevard

See Similar Deals
Office1,614,708 SF
Sold 11/13/2024
Robert Hill
Gary Carr
Chris Murphy
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:1,614,708 SF
Transaction Type:Sale

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:

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.

Players

Gary Carr
Newmark
Gary Carr
31 deals$352.5M volume
BROKER
Robert Hill
Newmark
Robert Hill
32 deals$252.5M volume
BROKER
Chris Murphy
Newmark
Chris Murphy
31 deals$218M volume
BROKER
Stephen Schwalb
Newmark
Stephen Schwalb
1 deal(469) 467-2084
BROKER

Details

SOLD
IMAGE: Chris Murphy, Gary Carr, Robert Hill & Stephen Schwalb DATE: 11/13/2024 ADDRESS: 2201 & 2221 Lakeside Boulevard MARKET: Richardson ASSET TYPE: Office ~ SF: 807,354 ~ ACRES: 18 BUYER: Provident Realty Advisors SELLER: Trigild BROKERS: Chris Murphy, Gary Carr, Robert Hill & Stephen Schwalb (@SSchwalb2) - Newmark (@Newmark) NOTE: Provident Realty Advisors acquired Lakeside Campus, an 807,354-square-foot, two-building office campus in Richardson, Texas, from Trigild, with Newmark brokering the deal. The Class A property, anchored by RealPage and 69% leased, features significant amenities, including 65,000 square feet of data center space, and has received over $13 million in upgrades since 2015.

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