Cushman & Wakefield

A Fort Worth investor’s redo of a Telecom Corridor office complex has attracted new tenants.

Q Real Estate Holdings in 2015 purchased the former Verizon office campus on Glenville Drive in Richardson. The 4-building office complex, built in 1989, was redeveloped into a multi-tenant office campus. With almost 400,000 square feet, its one of the largest available office blocks in Richardson.

Law firm Berry Appleman & Leiden LLP is moving its offices into more than 60,000 square feet in the buildings. NICE Systems Technologies Inc. previously leased space for its offices in the project at 2400 N. Glenville Drive near Greenville Avenue.

Q Real Estate Holdings says it’s close to finishing up work on the buildings.

"We’re very happy with the way renovations turned out," Q Real Estate’s Tommy Ellis said. "We invested a great deal into upgrading and modernizing the facility. Fortunately, we had good bones to begin with."

With 35 acres, Q Real Estate has the option of doubling the offices on the property if a company needs to expand.

"We have about 300,000 square feet available, and feel good about opportunities in 2018," said Trey Smith with Cushman & Wakefield, which is leasing the building. "We’re looking forward to showing the fully renovated building to prospects.

"There’s a tremendous amount of interest in Richardson as a whole, and we’re seeing our fair share of activity."

The Glenville office campus renovation is one of two large corporate office redevelopments in the U.S. Highway 75 corridor in Collin County.

California-based developer Regent Properties is turning the former Texas Instruments campus in Plano into a mixed-use project with office, residential and retail space.

The 4-building campus on Glenville Drive previously housed Verizon.

(Shoot2Sell/Cushman & Wakefield)

Source Article