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TEXAS/SOUTHWEST NEWS
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Stanton Road Capital Buys Dallas Area Office Building

1/25/16

Stanton Road Capital recently purchased 3400 Waterview Parkway, a 202.7k sf, Class A office property in Dallas’ Richardson submarket. The building, more commonly known as The Points at Waterview, was acquired through Stanton’s affiliate, SRC Waterview Owner.

The Points at Waterview was 94% leased at the time of acquisition. It’s located at 3400 Waterview Pkwy, along President George Bush Tollway (SH 190), and includes additional acreage for future development. Developed in 1998, the four-story property is a six-time recipient of the TOBY award (The Building of the Year) and features upgraded tenant amenities including a fitness facility and café.

“Our recent purchase of The Points at Waterview is consistent with our investment strategy to acquire office properties in submarkets with strong leasing fundamentals,” said Tim Ronan, Founder and Managing Partner of SRC. “With efficient 50k sf floorplates, and the ability to provide higher-density tenants with a parking ratio of 7/1,000 square feet, we believe the property is well-positioned from a tenant retention and leasing perspective.

The acquisition represents SRC’s sixth investment in Texas since 2014. Clint Madison and Meredith Ford of Cushman & Wakefield will serve as leasing agents for the property. Cushman & Wakefield will also provide property management services for the building.






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