A piece of the silicon prairie has sold to a Chicago investor.
Dayton Street Partners bought Fujitsu’s 66-acre Richardson campus, the Dallas Morning News reports. The purchase was financed with a $68.6 million loan.
The campus, on Telecom Parkway near the President George Bush Turnpike, encompasses multiple office and industrial buildings that were constructed between the early 1990s and 2000. The 87-year-old Japanese conglomerate has owned the property since 1989.
Its 830,000 square feet are more than five times the size of Dayton Street Partners’ planned 164,640-square-foot speculative facility in Houston’s Cedar Port Industrial Park.
It began as the operations hub for Fujitsu Network Communications and Celestica, an electronics manufacturing services firm under the Fujitsu umbrella. Fujitsu Transaction Solutions Inc, the corporation’s technology solutions arm, moved its North American headquarters to the Richardson campus in 2008.
Dallas-Fort Worth has become one of the hottest markets in the country for commercial real estate. Through the first nine months of 2022, almost $33 billion in Dallas-Fort Worth commercial properties have changed hands— the most of any U.S. market. Just last month, New Jersey-based BDP Holdings bought Sabre’s 265,000-square-foot office property near State Highway 114.
Read more
Commercial
Dallas
Fort Worth offers $2M tax break to beauty manufacturer
Commercial
Dallas
Suburban Dallas city hall to cost 30% more than planned
— Maddy Sperling