1475 & 1485 Richardson Drive | For Sale

Younger Partners is pleased to offer qualified investors the opportunity to purchase Brandywine Place and Richardson Drive Plaza (Property), a complimentary selection of single-story assets in the thriving suburban communities of Richardson and Plano. Brandywine Place and Richardson Drive Plaza are available as a portfolio or individually. Comprised of six small office buildings, Brandywine Place and Richardson Drive Plaza are well suited to the needs of the area’s most active leasing segment.

Brandywine Place offers 67,867 square feet of space that is spread across four buildings. Situated on almost 5.5 acres, Brandywine is 82% leased to thirty tenants and has an average suite size of roughly 1,700 SF. The four building development has minimal common area space and offers professional office and medical space that is in high demand to the surrounding community. Located just off Central Expressway (US-75) at Park Boulevard, the Property is a short distance from Downtown Plano and the amenity rich redevelopment of Collin Creek Mall.

Similarly, Richardson Drive Plaza is made up of 42,825 square feet spread across two buildings. Positioned on more than 2.91 acres, the Property is 67% leased to fifteen tenants and has an average suite size of roughly 2,100 SF. Set against a back drop of single family rooftops, the Property is accessible via Central Expressway and Arapaho Road.

Both assets are located within the Richardson / Plano Submarket that is known as the Telecom Corridor®. Home to a number of the world's largest technology and telecommunications companies (Texas Instruments, Cisco, and Fujitsu Network Communications) the area is well regarded by employers because of the abundant supply of a qualified labor force. Despite being known for telecommunications, a majority of the submarket’s office space is made up of healthcare and insurance firms. The submarket provides a highly talented labor force with 55% of the population holding a bachelor's degree or higher.

Brandywine Place and Richardson Drive Plaza benefit from direct access to all of the Dallas-Fort Worth Metroplex via US-75 (334,000 VPD) and President George Bush Turnpike (164,000 VPD). The area’s accessibility is also improved by six DART rail stations, more than any other suburban office submarket in the metroplex.

Available at a sizeable discount to replacement cost, Brandywine Place and Richardson Drive Plaza have been extensively renovated by institutionally minded ownership. As a result the need for additional capital should be limited to good news dollars for new leasing.