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Sale-Leaseback Deal Cut by Faison Capital, Alcatel USA

RICHARDSON, TX-Faison Capital Advisors has agreed to a sale-leaseback deal with Alcatel USA to finalize the purchase of a 113-acre, 1.2 million-sf campus in the high-tech Telecom Corridor in Richardson. Meanwhile, the deal means another technology park for one of Dallas' busiest office market.

By Connie Gore | Updated on August 09, 2000

Faison Capital Advisors has agreed to a sale-leaseback deal with Alcatel USA to finalize the purchase of a 113-acre, 1.2 million-sf campus in the high-tech Telecom Corridor in Richardson.

The deal guarantees Alcatel use of the property’s two largest buildings for the next 18 months during a relocation transition of 1,500 employees to its new headquarters in Plano. Meanwhile, about 40 acres are being dedicated for new construction for the Collins Technology Park.

The campus is situated along Collins Road at Greenville east of North Central Expressway, making it a high-profile candidate for development. The property abuts a DART light-rail station that is under construction and a number of fiber providers for enhanced infrastructure support.Alcatel’s new USA headquarters consists of property acquired in September 1998 when it bought DSC Communications Corp. The site is located at Coit Rd. and Plano Parkway, where corporate offices are already operational.

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