Dallas firm purchases huge D-FW business campus

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A Dallas real estate and investment firm is the new owner of a large office campus in Richardson.Provident Realty Advisors purchased the 807,354-square-foot...

RealPage headquarters in Richardson on Friday, February 28, 2020. The firm is located in the Lakeside Campus office complex . purchased the 807,354-square-foot Lakeside Campus, a recently renovated Class A office space at 2201 and 2221 Lakeside Blvd. Newmark’s Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Stephen Schwalb represented the seller, Trigild, in the transaction.Representatives for Newmark did not disclose the purchase price.

This recent sale comes after PNC Bank took the group to Dallas County District Court in December 2023, alleging that Lakeside Campus Partners LLC. was unable to make monthly loan payments. Trigild was appointed by the court to manage the property. The sale was agreed to by all parties, according to court documents.Nick is a real estate reporter for the Dallas Morning News. He previously worked as a digital investigative reporter at 11Alive, Atlanta's NBC affiliate.

 

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