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  4. Richardsons Office Occupancy Boosted by Renovation

Richardsons Office Occupancy Boosted by Renovation

February 11, 2020

2400 N Glenville 

 by John Jacobs, Executive Vice President
 
Much of the office leasing in Richardson over the past few years has been dominated by the campus-like settings of 2400 North Glenville, the 400,000 SF former hub of MCI and later Verizon and the Galatyn Commons 4-building, 800,000 SF complex built for Nortel, occupied at one time by Countrywide Financial and largely vacant for most of the past few years.

What’s changed? Both properties have undergone complete renovation inside and out, have added tenant amenities and the owners have spared no cost to make them competitive with some of the newest office buildings on the market. What happened? Both complexes were near being fully leased shortly after completion of improvements.

Infosys, an IT services company, and BAL Global, a large immigration law firm, leased the lion’s share at 2400 N. Glenville.

At Galatyn Commons, Steward Healthcare, Goldman Sachs and Raytheon were attracted to the array of amenities that include outdoor grills, kitchen, bocce courts, amphitheater, shared bicycle stations and indoor full-service cafeteria, coffee shop and fitness center.

  Lounge and fitness center at Galatyn Commons 
 
 
 If history is any indication, BH Properties, which recently completed renovations at its 120,000 SF 1410 East Renner building, and Stanton Road Capital, which is upgrading 205,800 SF 1125 East Campbell office property, will be the next landlords to announce some large office leases in Richardson.
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Richardson, Texas is a vibrant and diversified business community, strategically located in one of the brightest economic regions in the world the Dallas/Fort Worth Metroplex. Whether your company seeks the latest technological breakthrough, provides the highest level of financial service or thrives upon the synergy of a great business and research university, Richardson is where excellence is the expectation.
Richardson Economic Development Partnership
411 Belle Grove Dr., Richardson, TX 75080
Phone: (972) 792-2800
Email: info@telecomcorridor.com
  • Living and Working In Richardson
    • Living and Working In Richardson
    • Arts and Culture
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    • Recreation and Entertainment
  • Entrepreneurship & Small Business
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    • Entrepreneurial Resources
      • Richardson Small Business Resource Guide
      • Richardson EDP Services
      • Richardson Ecosystem for Entrepreneurs
      • Startup Resources
    • Local Purchasing Offices
  • Site Selection
    • Site Selection
    • Business Climate
    • Expansion/Relocation Assistance
    • Incentives
      • Local Incentives
      • State Incentives
    • Industry Clusters
      • Software
      • Financial Services
      • HQ
      • Telecom
      • Semiconductor
      • Defense and Aerospace
      • R&D
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    • Incentive Application
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    • Demographics
    • Education
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