Avison Young has mediated the sale of two fully occupied office/flex buildings in Richardson, Texas, which reflects the increasing demand for flexible workspace in the competitive Dallas-Fort Worth market.

Target Information

Avison Young has successfully facilitated the sale of two Class B office/flex buildings in Richardson, Texas. These properties, located at 1200-1300 South Sherman Street, encompass a total area of 73,646 square feet spread over 4.71 acres. The buildings are currently fully leased to a single tenant that has been in residence since 2012, indicating strong occupancy rates and tenant stability.

In 2018, the property underwent renovations to enhance its appeal and functionality. Its proximity to Interstate 75 further enhances its accessibility, making it an attractive investment in the competitive Dallas-Fort Worth real estate market.

Industry Overview

The commercial real estate market in the Dallas-Fort Worth (DFW) area has shown a robust demand for flexible office spaces, particularly in the wake of evolving work environments and business needs. Flex bu