
$72 Million Non-Performing Office Loan
19,501 m²
The Institutional Capital Markets Group of Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in The Centrum, a 400,372 RSF mixed-use asset comprised of 380,326 RSF of Class A Office and 20,046 RSF of well-located retail. Located at the intersection of Cedar Springs and Oak Lawn submarket, the Centrum represents a rare and unique offering to acquire a mix of uses in one of the Sunbelt’s strongest office markets: Uptown Dallas.
Blending to 72% leased with ~6 years of weighted average lease term remaining, the Centrum provides the opportunity to institute a value-add business plan with durable, in-place cash flow.