Jones Lang LaSalle (“JLL”), is pleased to exclusively present the opportunity to acquire Richardson Heights (the “Property”), a 201,433 square foot, 82% occupied infill shopping center located in Richardson, Texas. The Property is anchored by national, high performing tenants including Alamo Draft House, TJ Maxx and Half Priced Books - all tenured tenants that comprise of over 35% of the total rentable area. Positioned with 175 feet of highly visible frontage on US-75 within a dense neighborhood population in Richardson, the Property caters to over 148,000 residents within three miles.
Richardson Heights provides investors with immediate value-add opportunities through the lease up of the ~35K RSF and the ability to push rents currently 22% below market. The Property is offered Fee Simple without an asking price.
- Rare Infill Location
- Immediate Mark-to-Market Opportunity
- National, High Performing Tenant Base
- Highly Trafficked Corner of US-75 & Belt Line Rd
- 82% Occupied with ~35K RSF of Vacancy Lease Up