Contacts
Tom Strohbehn
Younger Partners
Scot Farber
Younger Partners
Property Details
- Property Type Office
- Additional Rent Contact for pricing
- Date Updated Nov 4, 2024
The opportunity at Preston Plaza is to continue pursuing small, suburban office tenants that are the bread and butter of North Dallas, while backfilling larger vacancies that were created in the last year. When you consider the fundamentals of an attractive acquisition basis, dynamic location and in-place amenities, then layer in fresh capital to aggressively pursue tenants, the result is a range of repositioning and possible development strategies in the nation’s strongest market for job and population growth. Preston Plaza is uniquely positioned to appeal to the surrounding residents and provide a vibrant live-work-play location on Preston Road that avoids the daily grind of the Dallas North Tollway. Preston Plaza offers an unparalleled mixed-use amenity base and prestige of a true Class A office environment amongst the mostly Class B competitive set on Preston Road.
Available at a staggering discount to replacement cost (est $450/sf), Preston Plaza is located on a highly coveted and efficient 6.29-acre redevelopment site. The existing occupancy (35%) offers contractual revenues to operate the building and bridge the gap while pursuing zoning and entitlements for a reimagined use of a true in-fill location.
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Location
- City Dallas, Texas
- Neighborhood Preston Road Highlands
- Zip Code 75252
- Market Dallas Fort Worth
In-Depth Research Available for this Property
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