Avistone Acquires Renaissance Tech Centre in Richardson, Texas

RICHARDSON, TX, UNITED STATES, October 13, 2026 /CourierPR/ -- Avistone, a private real estate investment firm, has acquired Renaissance Tech Centre, an 81,805-square-foot shallow-bay industrial park in Richardson, Texas. The property, located in one of the most established business hubs along the US-75 corridor north of Dallas, is 92% leased to a diversified base of 20 tenants, providing stable in-place income.

The acquisition marks a strategic move for Avistone, which focuses on acquiring and operating multi-tenant industrial properties in high-growth U.S. markets.

The property's current tenant mix includes a variety of small and medium-sized businesses, contributing to its strong occupancy rate. Avistone plans to modernize the property's exterior with new paint, signage, and landscaping, and to reconfigure suites as they turn over, converting excess office space to warehouse to better match the needs of today’s shallow-bay users. The firm has already executed this strategy at Central Park Business Center, also in Richardson.

The acquisition expands Avistone’s Dallas-Fort Worth portfolio and reflects the firm’s continued focus on shallow-bay industrial assets that offer resilient cash flow and long-term value creation. Debt placement for the acquisition was arranged by JLL Capital Markets, with Wells Waller and Jack Britton leading the financing effort on behalf of Avistone. The financing structure aligns with Avistone’s focus on conservative leverage and long-term stability.

Avistone’s strategy involves leveraging its experience in Richardson to enhance the property’s appeal and tenant satisfaction, aiming to deliver consistent, risk-adjusted returns to its investors. The firm plans to modernize the property, which will include improvements to the exterior and interior spaces to better meet the needs of current and future tenants. The property’s current tenants include a mix of businesses ranging from manufacturing to distribution, contributing to its strong in-place income.

The acquisition is part of Avistone’s broader strategy to expand its presence in high-growth markets and capitalize on the demand for shallow-bay industrial properties. The firm’s focus on hands-on ownership and value-add strategies is expected to drive growth and stability in the property’s performance. With the addition of Renaissance Tech Centre, Avistone’s portfolio in the Dallas-Fort Worth area now includes several well-leased industrial parks, providing a robust foundation for future expansion and investment.

The acquisition is a testament to Avistone’s commitment to identifying and acquiring high-quality industrial assets in strategic locations. The firm’s focus on conservative leverage and long-term stability ensures that its investors can benefit from the consistent returns generated by these properties. With the modernization plans in place, Renaissance Tech Centre is poised to become one of the most competitive properties in the submarket, providing a valuable asset for Avistone’s portfolio.