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.