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11/20/25
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Elegant Investment Group Inc has purchased two Class B office/flex buildings totaling 73.6k sf on 4.71 acres in Richardson, TX. The assets, located at 1200-1300 South Sherman St, were sold by Arapahoe Grande Investment, LLC, an affiliate of Mohegan Capital.
The two buildings are fully occupied by a single tenant who has been at the property since 2012. The buildings, situated just east of I-75, were renovated in 2018.
John Bowles, Susan Gwin Burks and Bruce Butler with Avison Young represented the seller in the deal. According to Burks, flex buildings have become hot commodities in the Dallas/Fort Worth market as the occupancy is solid and there aren’t a lot of new assets coming online any time soon.
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