The Shops at Park Lane_Property for Sale
The Shops at Park Lane_Property for Sale
8080 Park Ln, Dallas, TX, 75231-5966, US

The Shops at Park Lane

Asset Description

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.

...

Attributes

Building area gross
665,327 sf
Occupancy
94%
Year built
2009

Media

Investment Highlights

  • 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_Property for Sale
The Shops at Park Lane 4_Property for Sale

Contact brokers

The Shops at Park Lane (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
27 Feb 2024