One Main Place Office_Property for Sale
One Main Place Office_Property for Sale
1201 Main St, Dallas, TX, 75202-3908, US

One Main Place Office

Asset Description

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.

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Attributes

Building area net
652,560 sf
Occupancy
36%
Year built
1968
Year renovated
2015
Land area net
2.43 acres

Media

Investment Highlights

  • REDEVELOPMENT OPPORTUNITIES
  • SUBSTANTIAL UPSIDE
  • FRACTION OF REPLACEMENT COST
  • DYNAMIC URBAN, MIXED-USE LOCATION
  • IN THE CENTER OF DOWNTOWN'S REVITALIZATION
  • AVAILABILITY OF HISTORIC TAX CREDITS FOR RENOVATIONS AND CAPITAL IMPROVEMENTS
One Main Place Office 4_Property for Sale
One Main Place Office 4_Property for Sale

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One Main Place Office (0 Properties)

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Last updated
16 May 2024