Promenade Retail and Office Tower — Sale in Richardson, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Richardson, TX 75080
  • Year built: 1977

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Promenade Retail and Office Tower — Sale in Richardson, TX, photo 1 of 2
Promenade Retail and Office Tower — Sale in Richardson, TX, photo 2 of 2

Description

Richardson, Texas, is a thriving city in the Dallas-Fort Worth metroplex, located just 15 miles north of downtown Dallas. With a population of approximately 120,000 residents, Richardson is recognized as a major economic hub, most notably in the technology, telecommunications, and ?nancial services industries. Known as the "Telecom Corridor," the city is home to a high concentration of tech companies, including AT&T, Verizon, Cisco, and Texas Instruments. Moreover, the city is home to the corporate headquarters for Blue Cross Blue Shield of Texas and Fossil Group. Richardson’s strategic location along U.S. Highway 75 and President George Bush Turnpike provides seamless access to Dallas Love Field and DFW International Airport, as enhancing connectivity to the rest of the DFW area. Richardson features extensive parks and trail systems, a vibrant dining and retail scene, and top-tier educational institutions, including the University of Texas at Dallas, which enrolls over 31,000 students and employs more than 3,400 residents. Richardson's pro-business climate, combined with no state income tax and a highly skilled workforce, continues to attract new companies and corporate expansions. Investment Highlights: • Strategic Location: Richardson sits 15 miles north of downtown Dallas with direct access to US-75 and the George Bush Turnpike, offering fast connections to major business centers and airports. • Technology & Corporate Hub: Known as the "Telecom Corridor," Richardson is home to major employers such as AT&T, Verizon, Cisco, Texas Instruments, and Blue Cross Blue Shield of Texas. • Education & Workforce Develop: The University of Texas at Dallas, has 31,000 students and over 3,400 employees, plays a crucial role in research, innovation, and preparing a highly skilled workforce.

Market Context

This office in Richardson, TX is listed for sale. The building dates to 1977. Compare it against other office listings for sale in Richardson, TX — view the full market.

As of Q2 2026, the Dallas / Fort Worth office market showed a 25.1% vacancy rate, and average asking rents near $33.86/SF/yr. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Dallas / Fort Worth office market tightening or softening?
Vacancy is around 25.1% (Q2 2026).

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