Overview
Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire
Chisholm Place (Property), a 65,000 square foot, four-story office building in
the thriving Richardson / Plano submarket. Chisholm Place offers an immediate
opportunity to increase revenue through leasing of available suites and mark-tomarket
renewals via staggered rollover, while enjoying in-place cash flow and annual
contractual rental rate increases.
At 67% occupancy, the Property benefits from a diverse mix of tenant industries
and steady returns as leases renew at rising market rental rates. Positioned to capture
tenant demand from small and mid-size office users, the building offers modern
upgrades with high-quality finishes, floor plates that allow flexible leasing configurations
and easy access to outdoor spaces, parks, transportation and new mixeduse
developments.
The Richardson / Plano market has long been a desired location for tenants given
its proximity to a premier workforce and residential neighborhoods, access to a
strong amenity base and convenient location with immediate access to Dallas’ major
thoroughfares.
Available at a sizable discount to replacement cost, the opportunity offers a competitive
basis that should allow an aggressive leasing strategy by new ownership.
Chisholm Place (Property), a 65,000 square foot, four-story office building in
the thriving Richardson / Plano submarket. Chisholm Place offers an immediate
opportunity to increase revenue through leasing of available suites and mark-tomarket
renewals via staggered rollover, while enjoying in-place cash flow and annual
contractual rental rate increases.
At 67% occupancy, the Property benefits from a diverse mix of tenant industries
and steady returns as leases renew at rising market rental rates. Positioned to capture
tenant demand from small and mid-size office users, the building offers modern
upgrades with high-quality finishes, floor plates that allow flexible leasing configurations
and easy access to outdoor spaces, parks, transportation and new mixeduse
developments.
The Richardson / Plano market has long been a desired location for tenants given
its proximity to a premier workforce and residential neighborhoods, access to a
strong amenity base and convenient location with immediate access to Dallas’ major
thoroughfares.
Available at a sizable discount to replacement cost, the opportunity offers a competitive
basis that should allow an aggressive leasing strategy by new ownership.
Key Facts
67% leased to a diverse roster of tenants
Remaining vacancy positioned for tenant demand
In-place lease rates are below market
Extensively renovated & updated
Access to entertainment, dining and residential
Corporate hub - 3 Fortune 10 company HQ's
