Pillar Commercial Recapitalizes 215,000 SF Office Building in Richardson, Texas

Locally based investment firm Pillar Commercial has recapitalized Collins Square, a 215,000-square-foot office building located in the northeastern Dallas suburb of Richardson. The recapitalization retires the building’s existing debt and provides for a new ownership structure that includes Pillar’s current real estate fund vehicle. Travelers Insurance has been the anchor tenant at Collins Square, which recently underwent a range of capital improvements, since 2002.