Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area Net
Land Area Net ()

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to present to qualified investors the opportunity to acquire the TOWERS AT PARK CENTRAL (the “Property” or “Towers”), three Class A office towers encompassing 845,919 square feet located within North Dallas’ Park Central district. The Property features an unmatched amenity base including state-of-the-art conference facilities, a fitness center, outdoor seating areas, tenant lounges, and the adjacent 536-key luxury Westin Hotel. Located at the intersection of LBJ Freeway (I-635) and North Central Expressway (US-75), the Property benefits from its excellent accessibility and visibility with 575,000 VPD and its strategic location bound by the area’s most affluent neighborhoods. At 68% leased with in-place rents 15% below market, Towers at Park Central is a recently renovated value-add opportunity of scale with stable cash flows and significant upside by way of lease-up of current vacancy and mark-to-market strategy.

Investment Highlights

  • 845,919 Total SF
  • 68% Leased
  • 15% Below-Market In-Place Rents
  • 3.2/1,000 SF Parking
  • Renovated 2019
Last Updated Date: 13 Oct 2021
Andrew Levy
Andrew Levy
Senior Managing Director, Dallas Office Co-Head
License details
LA-BROK.0995686164-ACT TX-0413696
Todd Savage
Todd Savage
Senior Managing Director, Capital Markets
License details
TX-0509026

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Last Updated Date: 13 Oct 2021

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