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|Building Area Net||
|Land Area Net||
|Number of units||285|
|Call for Offers||2022-05-05|
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Galatyn Station (the “Property”), a 285-unit, Class A asset located in Richardson, Texas. Built in 2008, the Property provides an opportunity for a future investor to further enhance unit interiors and common areas to capture top of the market rents. Positioned adjacent to US-75 and the Galatyn Park Dart Station, the Property provides residents access to major employment centers including the Telecom Corridor and the CityLine mixed-use development, which is home to over 90,000 employees. Galatyn Station has also achieved significant rental increases of 17.4% on new leases and 11.5% increase on renewals since July 2021.
- Value-Add Opportunity with strong lease trade-outs
- Transit-oriented development with excellent accessibility
- Strong employment base within the telecom corridor