Chicago, IL
Origin Capital is a real estate investment manager with offices in Chicago, Atlanta and Dallas that acquires commercial assets on behalf of its principals and investment partners. To date, the principals remain the firm’s largest investor group, investing alongside their…
Custer Court is a 121,596 square foot, office building located in the North Dallas suburb of Richardson. Custer Court is positioned within the Richardson/Plano office market, which is a market leader in the DFW metroplex. The market is a preferred location for corporate users due to its excellent access, diverse amenity base and abundant residential options. At 83% occupancy, Custer Court provides investors stable, long-term cash flow as well as the opportunity to acquire a Class A asset in a rapidly expanding economic environment at an attractive yield and discount to replacement cost.
The Property enjoys excellent access and visibility at the intersection of US-75 and President George Bush Turnpike, one of the most traveled areas in the entire Dallas/Fort Worth (DFW) area with more than 350,000 cars passing through the juncture daily. Together, these two thoroughfares link the Property to every major employment center and amenity base in the Dallas Metro area. Furthermore, the DART Rail Bush Turnpike Station (Red Line) is less than half a mile east of the Property and connects Richardson to Downtown Dallas and to DFW International Airport.
Richardson is the second largest employment center in the Dallas/Fort Worth metropolitan area with the supporting economic base recently expanding from a telecom hub to a much more diversified set of industries. The three largest tenants in the market now represent three separate industries; telecommunications (AT&T), insurance services (State Farm), and college education (The University of Texas at Dallas). The area benefited from a substantial amount of recent relocation announcements including State Farm (8,600 jobs), Kohls (1,500 jobs), and Raytheon (1,700 jobs). Richardson also benefits from a well-educated and diverse labor supply as over 50% of the adult workforce has a undergraduate or advanced degree and the area has the largest number of white collar workers within a 15-minute drive radius compared to the other major business centers in DFW.
Dallas is ranked the 4th largest MSA in the United States and is the largest land-locked metropolitan area in the United States.