Churchill Tower_Property for Sale
Churchill Tower_Property for Sale
Coit Road 12400, Dallas, TX, 75243, US

Churchill Tower

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of Churchill Tower (the “Property” or the “Asset”), a 277,187 SF, 79% leased Class A office building in Dallas, TX. Located at the highly visible intersection of US Highway 75 and I-635, the Property has direct access to dense labor pools with over 580,000 total households within a 10-mile radius. As the newest building in Park Central by over 12 years, Churchill Tower has continued to outperform its peers with over 42,000 SF of new leases signed and 29,000 SF of renewals and expansions in the past year. These factors coupled with a 3.9 Year WALT and rents 30% below market present an attractive opportunity for investors to acquire an asset at a compelling basis with continued upside potential through additional leasing and mark to market rents.

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Attributes

Building area net
25,752 m²
Occupancy
79%
Year built
1999
Land area gross
1.07 ha
WAULT
3.9 years
Parking spaces
991

Media

Investment Highlights

  • CLASS A INSTITUTIONAL ASSET
  • LOCATION IN DYNAMIC MIXED-USE DEVELOPMENT
  • ON-SITE TENANT AMENITIES
  • DIVERSIFIED RENT ROLL
  • SIGNIFICANT UPSIDE

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Churchill Tower (0 Properties)

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Last updated
6 Mar 2024