Details
- Size: 229,000 sq. ft.
- Location: North Central Expressway | Richardson
Tower 2600
At acquisition, Champion re-branded this 229,000 square foot, 9-story, vacant office building as Tower 2600. The building had been occupied for the prior 10 years by AT&T, which vacated upon their lease expiration. The owner defaulted on its loan, which allowed Champion to acquire the property off-market through a complicated short-sale transaction with the owner and the special servicer. Champion then completed a significant renovation of the building’s garage, lobbies and common areas. Thereafter, Champion leased-up Tower 2600 to 97% occupancy, which allowed for a sale of the building to a foreign-backed institutional investment company.