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California Investor Snaps up Richardson Office

Pillar_Hero

Colliers’ Creighton Stark and Chris Boyd Brokered the Sale

 

A California investor has purchased a Telecom Corridor office building.

Dallas-based Pillar Commercial sold the 2703 Telecom Parkway building near Bush Turnpike and east of U.S. Highway 75. The single-story office complex contains 121,420 square feet of space and was purchased by Goldenberg & Associates Inc. of Piedmont, Calif.

“This building received multiple offers well above the expected trade price,” Creighton Stark, executive vice president of Colliers International, said in a statement. “We seamlessly closed in the midst of the worst pandemic our country has ever experienced, as well as the worst financial dip in over three decades.

“We assured a successful transaction throughout all of these major headwinds by setting the stage properly upfront, allowing our client to overachieve their objective.” 

Read the full article on The Dallas Morning News


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Creighton Stark

Executive Vice President

Dallas

Creighton Stark is an executive vice president with the Capital Markets group of North Texas. With more than 22 years of experience in commercial real estate, Creighton oversees the institutional investment sales and re-capitalization of office properties.

Creighton has the reputation as a leading investment advisor, with extensive experience in almost every aspect of office capital markets. He has well-established working relationships with several major institutional clients including New York Life, Lincoln Financial Group, UBS, TriGate Capital, Angelo Gordon, CrossHarbor Capital and many others.

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Chris Boyd

Senior Vice President

Dallas

Chris provides a unique and powerful perspective to the Capital Markets advisory team given his ownership perspective of investments and acquisitions of 20 plus years, by working extensively on institutional and private equity transactions in the Dallas-Fort Worth commercial real estate market, as well other major markets such as Chicago, Houston, San Antonio and Austin. Prior to joining Colliers in 2016, he was the Director of Acquisitions for a capital investment firm, and during his career, has acquired, overseen or advised on $3.5 Billion of nationwide investment properties. Chris has handled institutional portfolios with an estimated worth of $100 million to $500 million including all major commercial property types including office, industrial, hotel and hospitality properties and distressed debt in conjunction with principals, equity and debt capital partners.

Chris provides an institutional foundation, private equity/entrepreneurial experience, deep local market knowledge, and a true ownership perspective to clients’ acquisition, asset management and disposition objectives. His previous roles with Cawley Partners, UBS, Behringer, First Industrial Realty Trust, investment startups and Joint Venture sponsors, plus their respective debt and equity partners, are utilized for optimal client business plan executions.

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