Avistone is pleased to present an opportunity to invest in Renaissance Tech Centre, an 81,805 square foot multi-tenant shallow bay industrial business park located in the highly desirable Richardson submarket of Dallas/Fort Worth. The three-building property is 92.2% leased to 20 tenants and provides stable in-place cash flow with future upside through strategic lease rollover, mark-to-market rent growth, and targeted property improvements.
Located within one of DFW’s most supply-constrained infill industrial submarkets, Renaissance Tech Centre benefits from excellent access to US-75, Interstate 635, and the President George Bush Turnpike, providing connectivity to the region’s major employment, transportation, and population centers.
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The property is strategically located within the highly desirable Richardson submarket of Dallas/Fort Worth, benefiting from limited shallow bay industrial supply, strong tenant demand, and excellent access to major transportation corridors.
Renaissance Tech Centre is 92.2% leased to 20 tenants across a diverse range of industries, providing immediate cash flow supported by a well-diversified rent roll with no tenant occupying more than approximately 17% of the property.
With an average remaining lease term of approximately 1.4 years, the property offers a near-term opportunity to capture rental growth through lease rollover, supported by recent leasing success at Avistone’s nearby Central Park Business Center.
Located directly across the street from Avistone’s successful Central Park Business Center investment, Renaissance Tech Centre benefits from Avistone’s local market expertise, established tenant relationships, and proven track record of executing value-add industrial strategies.
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