Richland Corporate Centre has been acquired by Dallas-based KOC Gran Via, a commercial real estate investment firm planning extensive upgrades for the Richland Hills office property.
The 142,425-square-foot, Class A facility was acquired from The Gaedeke Group, which owned the property for more than 20 years. Brokering the sale were Eric Mackey, Gary Carr and John Alvarado of CBRE. Terms of the transaction were not disclosed.
Anchoring the nine-story building are Frost Bank and History Maker Homes, with the property also featuring a three-story garden office building and three-level parking garage.
KOC Gran Via plans interior and exterior upgrades, as well as a new building conference room for tenant use. The new owner plan to market 4.8 acres of land surrounding the site for build-to-suit office, medical or retail pad site possibilities.
“This is the premier office building in the Mid Cities submarket, and with the completion of construction along Airport Freeway, the building’s access to all areas of Tarrant County and D/FW International Airport has been greatly enhanced,” said Ben Sumner of KOC Gran Via in a news release.
“The building is 11 minutes from D/FW International Airport, 12 minutes from downtown Fort Worth and is right in the middle of the Northeast Tarrant County employee base that is regarded as one of the best in North Texas,” Sumner said.
Space is available for prospective tenants needing office spaces from 2,000 to 30,000 square feet, according to Ben Sumner of KOC Gran Via.
Handling property leasing are Sumner and Keith Fisher of Centurion Real Estate Partners, with Peleton Commercial Real Estate managing the location.