Sherry Lane Place

JLL Institutional Capital Markets is pleased to present the generational opportunity to acquire the fee simple interest in Sherry Lane Place (the “Property”) in Dallas, Texas’ premier Preston Center submarket - one of the top performing submarkets across the country. This Class AA office tower measures 301,906 RSF and is currently 93% leased to an institutional, diverse rent roll of prestigious tenants with a weighted average lease term of 6.7 years, providing secure, stable cash flow from creditworthy clients. Sherry Lane Place’s Preston Center address offers tenants a dense and dynamic mix of restaurant and retail amenities within a few minutes walk.

Sherry Lane Place has enjoyed strong historical occupancy and rental growth from tenants attracted to the incredible asset quality and ideal location. The asset recently underwent a thoughtful renovation to appeal to the modern tenant with the addition of a high-end conference facility, tenant lounge, café, and fitness center.

This offering represents a rare chance to acquire a premier, newly renovated trophy asset in Preston Center, one of the most prestigious and sought-after submarkets in the country. Institutional offerings of this caliber in Preston Center are exceedingly unique. Sherry Lane Place’s combination of financial stability and significant 60% weighted average mark-to-market upside opportunity in this dynamic urban location create a compelling investment opportunity for discerning institutional buyers.