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–Global industrial group relocates to Richardson office park following a strategic repositioning by Foundry Commercial–
RICHARDSON, TX (Jan. X, 2017) – Foundry Commercial and its partner, ICM, announces today that Legrand Building Control Systems has signed a 42,000 square-foot lease at Campbell Creek Pavilion – a five-building office park in the Dallas suburb of Richardson, Texas. Foundry Commercial and ICM acquired Campbell Creek Pavilion in 2016.
Located on Campbell Creek Boulevard, the 317,247 square-foot office park received a number of outdoor and building improvements following its purchase by Foundry Commercial and ICM, including new roofs, HVAC equipment, new paint and a complete renovation of several interior spaces. Additionally, the asset underwent a strategic rebrand to attract high-quality, creative tenants like Legrand.
In its new space, Legrand will provide applications engineering support for project design and installation, support for the Field Services group’s start-up and commissioning of projects, and remote operations capabilities that will enable customer service representatives to use connected services to troubleshoot, diagnose and resolve issues throughout the life cycle of customers’ systems.
“When we purchased and repositioned Campbell Creek along with ICM, Legrand is exactly the type of tenant we had in mind for this improved office environment,” said Jim Wells, principal and managing director of services at Foundry Commercial. “In an increasingly crowded marketplace, we are proud to be able to offer quality tenants like Legrand an accessible, comfortable space in the heart of Richardson.”
“We are very pleased with the progress that has been made at Campbell Creek Pavilion, including an extensive renovation, re-branding and marketing campaign, in such a short period of time,” said Bruce Timm, ICM’s president & CEO. “We welcome Legrand into the building and are excited with the establishment of their new Service Center of Excellence.”
Legrand’s tenancy at Campbell Creek Pavilion will increase asset occupancy by more than 13 percent. Currently, Campbell Creek Pavilion has approximately 20,000 rentable square feet available for lease.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 290 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control nearly $700 million in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2016 through a management-led buyout. For more information, visit www.foundrycommercial.com.
Media Contact for Foundry Commercial:
ICM is a registered alternative investment fund manager and portfolio manager keenly focused on maintaining our long history of owning, operating and investing in value-based real assets. We offer retail and institutional investors an array of private investment opportunities focused in real estate, private equity, and infrastructure strategies. Our goal is simple: preserve wealth and generate attractive long-term returns for our investors, while providing the highest level of client service. Visit www.icmgroup.ca for more information.
Media Contact for ICM:
About Legrand and Legrand, North & Central America
Legrand is a global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value is a prime vector for growth, including, in particular, connected devices stemming from Legrand’s global Eliot (Electricity and IoT) program. Legrand reported sales of $5.6 billion in 2016. Legrand has a strong presence in North and Central America, with a portfolio of well-known product lines that include C2G, Cablofil, Electrorack, Luxul, Middle Atlantic, Nuvo, OCL, On-Q, Ortronics, Pass & Seymour, Pinnacle, QMotion, Quiktron, Raritan, Solarfective, Vantage, Wattstopper, and Wiremold. Legrand is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, ASPI, Corporate Oekom Rating and DJSI (ISIN code FR0010307819) www.legrand.us.