
District 121
7300 State Highway 121, McKinney, TX, 75070, US
17,684 제곱미터
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $72 Million Dallas Office Loan (the “Loan” or “Note”). The Loan is secured by the first priority deed of trust on the fee simple interest in a Class A Office Property in Dallas, Texas (the “Property,” “Asset,” or “Collateral”).
The Property encompasses 209,910 rentable square feet, is 78% leased, has 2.5 years of weighted average lease term, and is located in one of the top performing submarkets in the country, Uptown, Dallas. The Asset is well positioned for near-term value creation through renovations and additional lease up. With Uptown rents having increased by 30%+ in the last 5 years coupled with the Asset’s short term weighted average lease term, there is immediate opportunity for the Investor to reposition and mark the asset to market.
The offering presents investors with the ability to acquire a non-performing loan at a favorable basis, significantly below replacement cost, with a potential path to ownership of a best-in-class Uptown office asset.