The Shops at Park Lane_Actifs en vente
The Shops at Park Lane_Actifs en vente
8080 Park Ln, Dallas, TX, 75231-5966, US

The Shops at Park Lane

Description de l'actif

Jones Lang LaSalle (“JLL”) is pleased to extend the opportunity to acquire The Shops at Park Lane (the “Property,” “Asset,” or “Offering”), an iconic, mixed-use asset consisting of 564,882 SF of powerhouse, Whole-Foods-anchored retail and 100,445 SF of Class A office space. The retail tenant roster boasts established, highperforming brands, including Nordstrom Rack, Bloomingdale’s Outlet, HomeGoods, and American Girl. The office component is 100% leased as the headquarters for credit tenant Kosmos Energy, one of the largest oil and gas companies in the country. The Property is located in the heart of Dallas along the North Central Expressway (U.S. Highway 75), one of Dallas’ most heavily trafficked retail nodes visible to 261,000 VPD. The corner of Park Lane and North Central Expressway produces over $1.7 Billion in annual commerce, with the Property located adjacent to the nationally recognized NorthPark Center. The Shops at Park Lane’s core location continues to attract tenants and retailers alike, with over 76K SF of new leasing activity within the past 12 months.


The Offering delivers robust in-place cash flow with value enhancement via lease-up and mark-to-market opportunities, providing investors a 10-year CAGR of 3.95%. The Shops at Park Lane is a generational opportunity for investors to acquire irreplaceable real estate within Dallas’ coveted mixed-use district surrounded by the strongest demographics in the Metroplex.

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Caractéristiques de l'actif

Surface de l'actif brut
61 811 m²
Occupation
94 %
Année de construction
2009

Média

Points clés d'investissement

  • Strong CAGR of 3.95%
  • Highly Curated Retail Tenant Roster
  • 100% Leased Office Component
  • Value-Add Mark-to-Market Opportunities
  • Hyper-Core Mixed-Use Location
  • Affluent Trade Area
The Shops at Park Lane 4_Actifs en vente
The Shops at Park Lane 4_Actifs en vente

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The Shops at Park Lane (0 actifs)
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Dernière mise à jour
27 févr. 2024