Buchanan Street Partners Purchases Metro Dallas Office Property

RICHARDSON, TEXAS — Buchanan Street Partners, a real estate investment management firm, has acquired Richardson Office Center I & II, a 238,301-square-foot office campus located in Richardson. Buchanan Street acquired the property in partnership with CarVal Investors from Principal Real Estate Investors for an undisclosed amount. This is Buchanan Street’s second purchase in the greater Dallas area this year. Richardson Office Center is located at 3001 & 3101 E. President George Bush Highway and is 90 percent leased to tenants including Boeing, Genpact and Avnet. Buchanan Street plans to complete renovations to the two-building campus, including painting the exterior of the buildings and updating the lobby. Gary Carr and Robert Hill of CBRE represented the seller in the transaction, and Buchanan Street was self-represented.