8505 Freeport

8505 Freeport Pkwy, Irving, TX, 75063-2548, US

Description

Jones Lang LaSalle Americas (“JLL”) has been exclusively engaged to offer investors the opportunity to acquire 8505 Freeport Parkway (the “Property”), a 123,099 square foot office building strategically positioned adjacent to DFW International Airport. Built in 1982 and renovated in 2024, this 6-story office asset is 94% leased to a diverse group of tenants.

8505 Freeport Parkway benefits from its centralized location within Irving and Las Colinas, just minutes away from DFW International Airport. This asset offers investors access to one of Dallas-Fort Worth’s desirable office corridors, featuring limited future capital requirements, stable cash flows, and the ability to capitalize on 21.2K SF of upcoming rollover.

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Attributes

Building area net

11,436 sm

Occupancy

94%

Year built

1982

Year renovated

2024

Media

Investment highlights

MAGNET FOR SUBMARKET LEASING ACTIVITY & REFRESHED TENANT ROSTER
8505 Freeport consistently drives the strongest leasing velocity in the submarket, with ~120,000 SF of space leased since the beginning of 2023 and 97% of the rent roll commencing after 2020. Current ownership has implemented an offensive strategy with capital improvements including new carpeting and paint in vacant suites to position the property to capture additional market share.
PROXIMITY TO DFW INTERNATIONAL AIRPORT AND MAJOR THOROUGHFARES
Located just minutes from DFW International Airport and 25 minutes from Dallas Love Field and Addison Airport, the asset provides direct connectivity to major transportation nodes as well as highway systems Texas Highway 114, Highway 97, Interstate 635, and President George Bush Turnpike.
SUPERIOR SURROUNDING DEMOGRAPHICS
Within a 3-mile radius there is an 84,917 daytime population, supported by 5,440 multifamily units, driving consistent demand from both residential and employment bases.
DYNAMIC URBAN, MIXED-USE LOCATION
Las Colinas is a master-planned business hub that is home to over 27 million SF of office space, ~8,400 multi-family units, 200+ restaurants, 190-acres of parkland, and 17 miles of walkways and canals. This strategic location in one of DFW’s most densely populated areas position Las Colinas as a key center for business, commerce, and urban entertainment.