Overview
Younger Partners is pleased to offer qualified investors the opportunity to purchase
Brandywine Place and Richardson Drive Plaza (Property), a complimentary selection
of single-story assets in the thriving suburban communities of Richardson and
Plano. Brandywine Place and Richardson Drive Plaza are available as a portfolio or
individually. Comprised of six small office buildings, Brandywine Place and Richardson
Drive Plaza are well suited to the needs of the area’s most active leasing segment.
Brandywine Place offers 67,867 square feet of space that is spread across four buildings.
Situated on almost 5.5 acres, Brandywine is 81% leased to thirty tenants and
has an average suite size of roughly 1,700 SF. The four building development has minimal
common area space and offers professional office and medical space that is in
high demand to the surrounding community. Located just off Central Expressway
(US-75) at Park Boulevard, the Property is a short distance from Downtown Plano
and the amenity rich redevelopment of Collin Creek Mall.
Similarly, Richardson Drive Plaza is made up of 42,825 square feet spread across two
buildings. Positioned on more than 2.91 acres, the Property is 65% leased to fifteen
tenants and has an average suite size of roughly 2,100 SF. Set against a back drop of
single family rooftops, the Property is accessible via Central Expressway and Arapaho
Road.
Both assets are located within the Richardson / Plano Submarket that is known as
the Telecom Corridor®. Home to a number of the world's largest technology and
telecommunications companies (Texas Instruments, Cisco, and Fujitsu Network
Communications) the area is well regarded by employers because of the abundant
supply of a qualified labor force. Despite being known for telecommunications, a
majority of the submarket’s office space is made up of healthcare and insurance
firms. The submarket provides a highly talented labor force with 55% of the population
holding a bachelor's degree or higher.
Brandywine Place and Richardson Drive Plaza benefit from direct access to all of
the Dallas-Fort Worth Metroplex via US-75 (334,000 VPD) and President George
Bush Turnpike (164,000 VPD). The area’s accessibility is also improved by six DART
rail stations, more than any other suburban office submarket in the metroplex.
Available at a sizeable discount to replacement cost, Brandywine Place and Richardson
Drive Plaza have been extensively renovated by institutionally minded ownership.
As a result the need for additional capital should be limited to good news
dollars for new leasing.
Brandywine Place and Richardson Drive Plaza (Property), a complimentary selection
of single-story assets in the thriving suburban communities of Richardson and
Plano. Brandywine Place and Richardson Drive Plaza are available as a portfolio or
individually. Comprised of six small office buildings, Brandywine Place and Richardson
Drive Plaza are well suited to the needs of the area’s most active leasing segment.
Brandywine Place offers 67,867 square feet of space that is spread across four buildings.
Situated on almost 5.5 acres, Brandywine is 81% leased to thirty tenants and
has an average suite size of roughly 1,700 SF. The four building development has minimal
common area space and offers professional office and medical space that is in
high demand to the surrounding community. Located just off Central Expressway
(US-75) at Park Boulevard, the Property is a short distance from Downtown Plano
and the amenity rich redevelopment of Collin Creek Mall.
Similarly, Richardson Drive Plaza is made up of 42,825 square feet spread across two
buildings. Positioned on more than 2.91 acres, the Property is 65% leased to fifteen
tenants and has an average suite size of roughly 2,100 SF. Set against a back drop of
single family rooftops, the Property is accessible via Central Expressway and Arapaho
Road.
Both assets are located within the Richardson / Plano Submarket that is known as
the Telecom Corridor®. Home to a number of the world's largest technology and
telecommunications companies (Texas Instruments, Cisco, and Fujitsu Network
Communications) the area is well regarded by employers because of the abundant
supply of a qualified labor force. Despite being known for telecommunications, a
majority of the submarket’s office space is made up of healthcare and insurance
firms. The submarket provides a highly talented labor force with 55% of the population
holding a bachelor's degree or higher.
Brandywine Place and Richardson Drive Plaza benefit from direct access to all of
the Dallas-Fort Worth Metroplex via US-75 (334,000 VPD) and President George
Bush Turnpike (164,000 VPD). The area’s accessibility is also improved by six DART
rail stations, more than any other suburban office submarket in the metroplex.
Available at a sizeable discount to replacement cost, Brandywine Place and Richardson
Drive Plaza have been extensively renovated by institutionally minded ownership.
As a result the need for additional capital should be limited to good news
dollars for new leasing.
Key Facts
Combine an attractive basis with established income and upside through continued leasing momentum
Comprised of six small office buildings
Current ownership has invested significantly on the buildings
Offer tenants autonomy over the space and potential buyers reduced operating expense loads per building Proximate to the $1 billion Collin Creek redevelopment
$1.5 billion CityLine development, the area is rich with restaurants, retail and entertainment
UT Dallas is the 4th largest computer science program in the US Comprised of 1,200 acres, the district focuses on improving the quality of life through technological and social innovation
