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307,225-sf Richardson data center and office complex sold307,225-sf Richardson data center and office complex soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=116882016-01-07T06:00:00Z

​​​RICHARDSON – San Francisco-b​ased GI Partners has purchased Synergy Park, a 307,225-sf Tier III data center and office complex located at 3000-3030 Waterview Pkwy. 

GI Partners made the purchase through DataCore, a $500 million fully discretionary core real estate fund managed by the company on behalf of The California State Teachers' Retirement System.​

The property was developed in 1988 across the street from the University of Texas at Dallas campus near President George Bush Turnpike.

Synergy Park, last renovated in 2006, is home to affiliates of the University of Texas at Dallas and Via West Inc. 

Peloton Commercial Real Estate is handling leasing on the facility, which is approximately 27.5 percent vacant. iStar Financial has owned the property since 1997.

CoStar Group
Dallas-Fort Worth-Arlington
Industrial
http://www.costar.com/News/Article/GI-Partners-Completes-Purchase-of-Synergy-Park-in-Richardson/178648Read more at {Source}

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