IRVING – Dilweg Inc. has purchased the Royal Tech Business Park, an 11-building, 620,000-sf business park at 8333 Ridgepoint Dr.
Built in the 1980s and 1990s, the office, research, and warehouse buildings house tenants including Wells Fargo Bank, TEKsystems Global Services, Coinmach Service Corp, and Whataburger Restaurant Corp.
The new owners will rename the property Royal Tech Commons and make upgrades including new outdoor spaces, building signage, landscaping, roof replacements, and mechanical improvements.
PS Business Parks sold the property, which included nine vacant acres.
Jones Lang LaSalle is handling marketing. CBRE Group brokered the sale.
The Texas Real Estate Research Center has more on DFW real estate news:
Source: Dallas Morning News