DebtBlue, a national financial services debt settlement company, has signed a 30,291-square-foot (SF) lease for its new headquarters at 1125 E. Campbell, located in the Richardson submarket of Dallas. Stanton Road Capital, LLC (SRC), a Los Angeles-based investment management firm focused on direct commercial property investments, owns the building.
“DebtBlue is ready and excited to move to the Richardson area,” said Jeremy Hillin, COO of DebtBlue. “The state-of-the-art building, amenities and location will help attract and retain DebtBluers who are centrally located to this area. This relocation will be a key milestone to the future of DebtBlue.”
DebtBlue is expandingand relocatingtheir headquarters from Addisonto Richardson,growing from a 6,000SF space to more than 30,000SF. Following a thorough labor study which catalogued DebtBlue’s target employee demographic, the Richardson submarket was identified as the most strategic location for hiring purposes. The company expects to more than double in size within in the next three years.
"We’re very excited to have DebtBlue join us at 1125 E Campbell. Our goal from the outset of our acquisition was to physically reposition and invest in the property to attract forward-thinking and growing firms from within the Dallas market and beyond, and DebtBlue fits that profile,” said Tim Ronan, Jr., Founder and Managing Partner of SRC.
Previously known as Campbell Glen II, SRC acquired 1125 E. Campbell Road in April 2019. The building is currently finishing a complete overhaul to the lobby and commonareas, as well as implementation of SRC’s tenant amenity package concept, TheOutpost.
Designed to attract and retain high-quality corporate tenants, The Outpostincludes a suite of on-demand offerings, such as a fully modernized fitness center, a 60-person training room,tenant lounge with Wi-Fi, fresh grab-and-go food and beverages, and outdoorcommunal and recreational spaces.
In addition to these amenities, SRC will bedeveloping a structured parking garage to provide covered parking and an overallparking ratio in excess of 6/1,000 square feet. The building offers 50,000-square-foot floorplates and can accommodate leases up to 150,000 square feet.
Ryan Hoopes of Cushman & Wakefield represented the tenant in the lease negotiation, and Clint Madison and John Fancher of Cushman & Wakefield represented the landlord.
“As DebtBlue’s business and market share continues to grow quickly, they needed to a strategic location and space that would support their short and long-term growth and make them competitive to hire their targeted employee talent,” Hoopes said.
About Stanton Road Capital
Stanton Road Capital, LLC is a Los Angeles-based investment management firm focused on direct commercial property investments and select private equity strategies. Founded in 2013, the Principals of SRC have acquired over $6.0 billion of commercial real estate, including over $1.5 billion of office properties in the Dallas area since 2008. SRC currently owns and operates a commercial property portfolio in excess of 5.8 million square feet and is actively investing on behalf of its institutional, family office, and private capital partners. SRC targets opportunistic, value-add, and core-plus commercial properties located in Dallas, Southern California, Chicago, Salt Lake City and Kansas City.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
