Premier Place

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Premier Place (the “Asset” or “Property”) representing a compelling mixed-use investment opportunity in Dallas with several key value drivers. The 457,901 square foot asset benefits from an exceptional location at Central Expressway and Mockingbird Lane, positioned within Dallas’s most affluent submarkets and offering excellent connectivity to major destinations including Mockingbird Station, SMU, the Bush Presidential Library, and transit hubs.

The Asset recently underwent an extensive renovation in 2023 and has demonstrated strong fundamentals with 94% occupancy and recent lease extensions for anchor tenants AmWins and Life Time Fitness, creating a stable 6.4-year weighted average lease term. This provides immediate cash flow stability while positioning new ownership to capture significant upside with in place rents ~38% below market.

The asset’s mixed-use nature and credit-quality tenant roster provide income diversification, while the transit-oriented location appeals to both employers seeking accessible corporate space and fitness/retail tenants serving the surrounding affluent residential neighborhoods. The combination of immediate income stability from recently renewed anchor leases and meaningful rental growth potential from below-market rates creates an attractive risk-adjusted return profile.

Dallas continues to demonstrate strong fundamentals as a primary investment market, with consistent population and job growth supporting both office and retail demand. Premier Place’s positioning in this premier submarket, combined with its current lease structure and rental upside, presents a strategic acquisition opportunity for investors seeking stable cash flow with embedded value creation potential.