Prominent Richardson Office Park to Host New AT&T Expansion

The City of Richardson is working with Provident Realty Advisors on a building modernization grant and permit fee waivers to support a planned relocation and expansion of an AT&T call center office to be located at 2221 Lakeside Boulevard. The move will include a $15.8 million investment by Provident to accommodate building improvements.

Provident, a privately held real estate and investment firm, purchased the Lakeside campus last November. It was originally built as the 807,354-square-foot Tower and Lab building for Nortel, and currently serves as the home to RealPage, among other tenants. Provident has announced AT&T is leasing approximately 186,000 square feet across seven floors of the Lakeside Boulevard Tower property under a 12-year lease agreement.

“Historically, this area has been instrumental in shaping the technological landscape of the Dallas-Fort Worth metroplex. We are pleased to continue that tradition by welcoming AT&T Services to 2221 Lakeside Tower. As the leader in converged connectivity with both the nation’s largest wireless and largest fiber networks, their presence brings a positive impact on the surrounding business community.” said Stuart Fink, Managing Director, Mixed-Use and RV Parks of Provident. “We remain focused on creating value by investing with purpose and aligning with industry leaders to deliver long-term value. This lease, the largest in the DFW metroplex in the first quarter, is a strong example of that approach in action.”

Meeting Richardson's Economic Development Strategy
Reinvesting in corporate campuses is a key component of the City of Richardson's commercial office space strategy designed to attract reinvestment in the sector, which is still recovering from COVID-19 related impacts.

The City's three-pronged approach includes:

• Collaborating with property owners to upgrade amenities,
• Offering tenant improvement grants to make office deals more financially feasible, and
• Targeted redevelopment of specific office properties.

These initiatives are designed to attract and retain businesses and to enhance and carefully redevelop office campuses with a variety of uses that to attract new long-term corporate tenants.

Business Growth Incentives Available
The City of Richardson's Economic Development Department encourages all businesses considering expansion or relocation to submit applications for various incentives.

These incentives include:

• Building modernization grants,
• Building and tenant improvement grants,
• Permit fee waivers, and
• Job creation grants.

Incentives are available to entities that commit to significant capital investments, noteworthy job retention or creation or long-term lease agreements. Each application is evaluated on its own merits to ensure it aligns with Richardson's goals of fostering economic growth and enhancing the community's competitiveness.

Learn more at www.RichardsonEconomicDevelopment.com.

About Richardson Texas
Located just north of Dallas, Richardson is a culturally diverse community offering a blend of urban amenities with exceptional suburban service. Richardson benefits from being home to The University of Texas at Dallas, a research powerhouse. UT Dallas' influence is felt in the presence of dynamic businesses in sectors such as advanced additive manufacturing, biotechnology, finance, software development, and R&D, as well as hosting incubators for entrepreneurial start-ups. Richardson's thriving, innovation-focused economy creates numerous opportunities while also supporting a historically stable local government capable of delivering high quality-of-life and exemplary services for a diverse array of neighborhoods and multi-modal transportation options, enabling easy access to the entire DFW Metroplex. The community is regularly recognized in third-party rankings as one of the best places in the nation to live, raise a family, start a career, go to school, buy a home, and retire.

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