Richardson Shopping Center on the Block
It was built in 1978, but you’d never know it, after undergoing a recent renovation to most of the exteriors. The Richardson Heights has long been a focal point of area shoppers, and now it’s for sale. Jones Lang LaSalle (JLL) has the listing for the 201,433 square foot center. It’s 82% occupied and has a number of nationally known tenants. including Alamo Draft House, TJ Maxx and Half Priced Books – all tenured tenants that comprise of over 35% of the total rentable area. JLL is leasing it for Silver Star Properties.
Positioned with 175 feet of highly visible frontage on US-75 within a dense neighborhood population in Richardson, the Property caters to over 148,000 residents within three miles.
Richardson Heights provides investors with value-add opportunities and the ability to push rents currently 22% below market. The Property is offered Fee Simple without an asking price.