Richardson High-Rise is Latest Buy by Omaha-Based Investor

Anyone who doubts DFW’s success in drawing New Yorkers to North Texas in recent years can find anecdotal evidence in the delicatessen that Goldenrod Companies is touting as part of its renovation of a 25-year-old Collins Crossing office building in Richardson. The bagels-and-pastrami play is a followup act, though — other plans to spruce up the 300,000-square-foot property, at 1500 North Greenville Avenue, will stick to the lobby and corridors and bathrooms on floors with multiple tenants, the Dallas Morning News reported. The building is nearly full, just eight months after Goldenrod bought it at 66 percent occupancy. The Omaha, Nebraska-based developer has not said how much it plans to spend on renovations for Collins Crossing, which it acquired on undisclosed terms in January. Goldenrod has already added leases for a so-far unnamed technology company and homebuilder Chessman Homes, which both expected to move into Telecom Corridor building early next year and take occupancy to about 93 percent. Collins Crossing also has 3.5 acres available for multifamily development, Goldenrod’s Southwest regional president John Zogg told The Real Deal in December. “They came to us at a good price. We said we were busy. We would do it at this price, which was lower, and they took it,” Zogg said of the firm’s negotiations with seller Franklin Street Properties. To read more, check out the article https://therealdeal.com/texas/dallas/2024/07/18/goldenrod-cos-adds-amenities-to-older-richardson-office-building/ .