Galatyn Commons

Richardson, TX, US, Americas

Description

The Institutional Capital Markets group of Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest of Galatyn Commons (the “Property” or “Asset”). Located in Richardson, TX, the Asset encompasses 793,713 SF across 4 buildings and is 99% leased with a weighted average lease term of 10 years.

Galatyn Commons presents investors with a unique ability to acquire a fully renovated, Class A office campus with 82% of the rent roll representing investment grade tenancy: Geico, CBRE, Marcus by Goldman Sachs, Fujitsu, and Halff.

Following an extensive repositioning, Galatyn Commons led the market in leasing with an impressive 562K SF of leases signed in the last 12 months. These new leases, coupled with recent renovations, provide a steady stream of long-term cash flow and minimal capital requirements.

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Attributes

Building area net

73,738 sm

Occupancy

99%

Year Built / Renovated | Building A, B & C

1997 / 2024

Year Built / Renovated | Building D

2000 / 2024

WALT

10 years

Submarket

Richardson

Galatyn Commons (4 Properties)

Media

Investment highlights

Center of North Dallas’ Densification Growth with 127% population increase in 1-mile radius since 2010
Highly Amenitized Location within urban mixed-use micro-market
562K SF of New Leases Signed in the last 12 months emphasizes competitive positioning
82% Investment Grade Tenancy with significant investment into their spaces
Predictable, Stable Cash Flow with 10 years remaining average lease term
$12.6M of Recent Ownership Investment into building improvements, mechanical upgrades, and various amenity spaces