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News
August 4, 2025
The redevelopment will grow the campus' total square footage to 1.1 million and seeks to attract light assembly/manufacturing tenant. JIM CARCHIDI/OBJ
By Plamedie Ifasso – Staff Writer, Dallas Business Journal
Jul 30, 2025 Updated Jul 30, 2025 3:40pm CDT
A redevelopment project aiming to renovate and expand an industrial complex on the edge of Richardson’s Telecom Corridor is set to move forward.
Richardson City Council on July 28 voted to modify development standards, including revised building heights and parking requirements, for the large industrial campus at 2821 Telecom Pkwy. Dayton Street Partners LLC seeks to replace a three-story, 90,481-square-foot office building on the south side of a 66-acre site with a single-story, 343,624 -square-foot industrial building – potentially boosting the business park to 1.1 million square feet in total.
To address previously voiced concerns about noise and the preservation of green space, council members also added an amendment requiring a minimum of one canopy tree for every 30 feet frontage and a minimum of six trees for every 100 feet of street frontage to be planted on Breckinridge Boulevard. Work on the complex is slated to begin early next year.
Michael Schack, principal at Dayton Street Partners, told the chamber the redevelopment project aims to meet industrial tenant desires for taller buildings. The Chicago-based company designed the new building to allow for one to four tenants but ideally wants to see one tenant lease the space, he previously told Dallas Business Journal.
Dayton Street Partners purchased the 855,644-square-foot site in 2023. The three-building complex is located on the edge of Richardson’s Telecom Corridor, which houses more than 5,700 companies including Texas Instruments and Raytheon, according to the International Association of Science Parks and Areas of Innovation.
The property being rezoned is currently 95% leased by three tenants including 1Finity, an information technology company formerly known as Fujitsu Network Communications Inc. that’s owned by Japan-based Fujitsu Ltd., and Canada-headquartered electronic manufacturing services company Celestica. Celestica is interested in expanding in the new building, Schack said, but that still can’t be guaranteed.
Founded in 2006, Dayton Street Partners is a commercial real estate firm focused on acquiring and developing logistics and industrial property, according to its website. The company has acquired sites in markets including Georgia, Florida and Tennessee. The Telecom Parkway campus was the firm’s first purchase in the North Texas region.