Thursday , 29 September 2016
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Spear Street Capital Buys 800,000 SF in Dallas

RICHARDSON, Texas – Spear Street Capital purchased four Class A office buildings totaling more than 800,000 square feet in Galatyn Park in Richardson, Texas, a North Dallas suburb.

HFF represented the seller, Champion Partners and Long Wharf Real Estate Partners, in the transaction.

The properties are located within Galatyn Park, an 80-acre mixed-use development that also includes a Renaissance Hotel, the Eisemann Performing Arts Center, an eight-acre nature preserve, a multi-housing development and the Blue Cross Blue Shield Headquarters.  The development is served by a DART light rail station linking the park to downtown Dallas, the surrounding suburbs and the Dallas-Fort Worth International Airport.

The four-building campus currently offers up to 600,000 square feet of availability, which is one of the largest available blocks of Class A space in Dallas/Fort Worth.  All of the properties were built between 1997 and 2000.

Spear Street Capital is a real estate investment company dedicated to pursuing select office investment opportunities in the United States and Canada. The firm invests in assets and portfolios greater than $50 million in total value.

Founded in 1991, Champion Partners is owned and managed by Jeff Swope and Steve Modory.

Long Wharf Real Estate Partners is a Boston-based private equity real estate manager focused on value-added investments in the U.S.

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