3601 Cedar Springs 1.28 Acres Dallas
3601 Cedar Springs Rd, Dallas, TX, 75219-4905, US
780 sm
JLL Capital Markets, is pleased to present investors the opportunity to acquire a condominium interest in One Main Place, encompassing 652,560 square feet of office space, with potential to redevelop in the heart of Downtown Dallas.
One Main Place presents a compelling value-add investment opportunity, with the 22 stories of office and retail space currently 36% occupied. Investors have the opportunity to convert up to ten office floors, ~234,000 SF, to residential which would immediately increase the condensed office occupancy to 63%. The Property is broken up between two condominium interests, the office floors and Westin Hotel. The Westin Hotel is not a part of the offering.
One Main Place presents the opportunity to acquire a historic Dallas skyline tower with significant upside and optionality. The office condominium interest is offered for sale free and clear as a leasehold acquisition.