Greenwayplazaii Richardson • Texas
GREENWAYPLAZAII RICHARDSON • TEXAS OFFERING SUMMARY RICHARDSON / PLANO OFFICE MARKET GREENWAYPLAZAII The Richardson / Plano office submarket is one of Dallas’ top suburban office markets, absorbing over 3.8 million square feet and experiencing a 23% increase in rental rates since 2013, due in large part to several recent corporate relocations. Also known as the Telecom Corridor, the market is HFF has been exclusively retained to offer qualified investors the opportunity to acquire Greenway Plaza II (the “Property”), a 91.9% leased, home to a significant concentration of corporate America including BlueCross Blue Shield, State Farm, Raytheon, AT&T, Ameriprise, Bank of America, 152,969-square-foot, recently renovated Class A office building located within the robust Richardson / Plano office submarket. The Property Bombardier, MetroPCS, Nationwide Insurance, Samsung, Travelers Insurance and United Healthcare Group. is situated within the Telecom Corridor just southeast of the intersection of North Central Expressway (US-75) and the President George Bush Turnpike, minutes from the new CityLine Development which features 1,400 apartment units, a Whole Foods Market, and the regional corporate campuses for State Farm and Raytheon. Greenway Plaza II offers investors the opportunity to acquire a stabilized Class A asset within one of DFW’s DFW ABSORPTION LEADERS (2013-2015) RICHARDSON/PLANO RENTAL RATES strongest and fastest growing office submarkets. $21.00 $21.00 $20.50 $20.50 RRiicchhaarrddssoon/Plano PROPERTY HIGHLIGHTS $$2200.0.000 2200%% 23%23% INCREASE INCREASE $$1919.5.500 Las Colinas STABLE IN-PLACE CASH FLOW WITH DISCOUNT TO REPLACEMENT COST Las Colinas $$1919.0.000 At 91.9% occupancy with an average remaining lease term of 3.9 years and in-place rents that are over 6% below market, the Property provides 141%4% $$1818.5.500 FFaarr NNoorrtthh DDalllas stable in-place cash flow while offering significant upside in one of the most dynamic submarkets in DFW.
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