Overview
the opportunity to acquire the 100% fee-simple interest in 8585
Stemmons (“Property”). Built when developers had egos, the twin towers
of Stemmons Freeway offer investors a commanding presence in the revitalized
West Love Field area. A significant presence on IH-35 (Stemmons
Freeway), the Property affords potential investors an unmatched long term
land site (13.5 acres) to compliment the immediate upside in a basis office
purchase.
West Love is home to name-brand, credit tenancy including Amazon, UT
Southwestern, Parkland Hospital and Children’s Health. Just to the east of
the building, the West Love master-planned development has added over
835 luxury multifamily units since 2018 with another 460+ units planned.
Since 2009, the three adjacent hospital systems have leased over one million
square feet of off-campus space in the area.
Major life science developments such as Pegasus Park have created significant
national attention from tenants and capital alike. Alexandria has acquired
and is planning a purpose-built life science project at Harry Hines
and Mockingbird while tenants including Health Wildcatters, MassChallenge,
BioLabs and Taysha Gene Therapies have moved to the district.
8585 Stemmons is 50% leased to a diversified mix of office uses. This offering
presents a truly unique opportunity to acquire an outstanding value-add office
asset with tremendous upside while establishing a presence in the dynamic
West Love submarket, where investment opportunities are becoming
scarce!
Key Facts
FUNDAMENTAL SHIFT AND IMPROVEMENT IN THE COMPOSITION OF THE SURROUNDING AREAS.
DRAMATIC PRICING DISCREPANCY TO LAS COLINAS AND UPTOWN HAS CREATED DEMAND.
ATTRACTIVE DESIGN WITH VERSATILE FLOOR PLATE, DENSE PARKING CAPACITY AND FULL SUITE OF ON-SITE AMENITIES.
DYNAMIC LOCATION IN PROXIMITY TO DALLAS LOVE FIELD, THE DALLAS CBD, THE DALLAS MEDICAL DISTRICT, THE PARK CITIES AND MORE.
VARIETY OF SPACE OPTIONS WITH NAMING AND BRANDING OPPORTUNITIES.
OUTSTANDING ACCESS TO AREA TRANSPORTATION NETWORKS.
LONG TERM UPSIDE - 13.5 ACRES WITH FREEWAY FRONTAGE, ACCESSIBILITY AND MU-3 ZONING.
BENEFITED BY DALLAS / FORT WORTH’S STATUS AS A TOP U.S. MARKETPLACE WITH A DIVERSIFIED ECONOMY, NATION LEADING POPULATION AND JOB GROWTH.
DISCOUNT TO REPLACEMENT COST OF APPROXIMATELY $400/SF.
