April 18, 2019
Hill & Wilkinson entered into an agreement with Pillar Commercial to extend its lease and expand its office location at 2703 Telecom Parkway in the Dallas suburb of Richardson, TX. The tenant committed to 58,000 square feet at the single-story, suburban office building. NKF’s James Cooksey, Garrison Efird and Adam Faulk represented the tenant.
Pillar Commercial and Ascent Real Estate Advisors, acquired 2703 Telecom Parkway in early 2019. The 121,420-square-foot property is a multi-tenant building, with a 4.3:1,000 parking ratio and access to various business centers throughout North Texas.
Construction firm Hill & Wilkinson will handle the tenant buildout of its space. “Even though Hill & Wilkinson knew this was a great, centrally-located asset ideal for its employees, they still needed to gauge the area office market, understand current and projected economic conditions as well as ownership requirements to ensure a favorable outcome in both the near- and long-term,” Cooksey said.
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