10Y UST4.74%+1.07%30Y MTG6.65%-0.30%SOFR3.65%+0.55%VNQ$99.10+0.61%XLRE$45.33+0.55%FED FUNDS3.63%
Real Estate Trail
Institutional Press Wire
Connect CRE · Austin · Office

9-Story Richardson Offices Picked Up by Harkinson

Via Connect CRE · July 9, 2026
Compiled by Real Estate Trail Editorial · July 9, 2026

Why this matters

Harkinson Investment Group’s acquisition of Tower 2600 in Richardson underscores a cautious yet targeted institutional interest in suburban office assets within the Dallas-Fort Worth metroplex. While the headline does not specify pricing or cap rates, the transaction signals a continued appetite for well-located, mid-rise office properties outside of central business districts, reflecting a broader recalibration of office portfolios amid evolving work patterns. Richardson, benefiting from its proximity to tech and telecom hubs, remains a focal point for investors seeking stable cash flow and tenant diversification in a market where urban office demand faces uncertainty. This deal also highlights the role of specialist investment groups in sourcing and repositioning suburban office assets, potentially aiming to capture value through operational improvements or lease-up strategies. The involvement of a prominent brokerage team suggests a competitive market for quality office product, even as lending conditions tighten and underwriting assumptions grow more conservative. For allocators, the transaction exemplifies how capital is selectively deployed in office real estate, balancing risk amid sector headwinds with the pursuit of resilient submarkets and asset types.

Editorial analysis · AI-assisted

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Harkinson Investment Group acquired Tower 2600, a 229,000-square-foot office building in Richardson. Newmark’s Gary Carr, Robert Hill, Chris Murphy and Austin Sheahan represented the seller, Development Ventures Group…
Read the full article at Connect CRE

External link. Real Estate Trail does not republish source content.

Related coverageAustin · Office

Multifamily Dive · Austin · Multifamily

Camden CEO talks Sun Belt optimism, EQR-AVB merger

In conversation with Multifamily Dive, Alex Jessett explains why "every 25- to 34-year-old in America" wants to live in Nashville or Austin and why newly formed Vivmark has "no impact" on the REIT.

Aug 19
PR Newswire · Austin · Capital

T3 Sixty Strengthens Consulting Group Leadership

Six promotions and new executive deepen the company's bench across brokerage, mortgage banking, organized real estate, talent and technology AUSTIN, Texas, Aug. 19, 2026 /PRNewswire/ -- T3 Sixty, a leading management…

Aug 19