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EXECUTIVE SUMMARY
Contact Us
This site is not maintained by Colliers International Group Inc. or its affiliates (“Colliers”). Any use of this site, and any information you provide to this site, will be governed by the terms and conditions of this site, including those relating to confidentiality, data privacy and security. Colliers is not responsible for the information and content on this site. You are encouraged to review the privacy and security policies of this site, which may be different than those maintained by Colliers.
Shannon Long
+1 214 217 4895
shannon.long@colliers.com
+1 214 217 1226
patrick.howell@colliers.com
+1 415 288 7840
jeremy.thornton@colliers.com
+1 214 706 6047
cl.boyd@colliers.com
Patrick Howell
JEREMY THORNTON
Chris Boyd
Exclusive Marketing Advisors
Acquisition Financing Advisor
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The Opportunity
Colliers is pleased to exclusively offer to qualified investors the opportunity to purchase The Princeton, an institutionally maintained office building totaling approximately 377,821 SF located at 14651 North Dallas Parkway in the Lower Dallas North Tollway, North Texas’ most prominent and vibrant north/south corridor. The submarket is roaring with strong office tenant demand from corporate relocations and expansions from North Texas and around the nation.
Currently 60.3% occupied, The Princeton offers a unique value-add opportunity in the proven Lower Tollway Submarket with in-place cash flow and upside via lease up of vacancies and increased mark-to-market rental rates as leases roll, while benefitting from recent modernization and capital expenditures, including upgrades to the lobby, facade, elevator modernization, and an interior oasis. The Princeton offers approximately 130,000 SF of contiguous vacancy, available for immediate occupancy, the largest at this price point along the Lower/Middle Tollway.
Nearby, the submarket’s growth continues to be exponential, with growing companies relocating to the area including Atmos Energy, Amazon, Coca-Cola, Wells Fargo, Tenet Healthcare, and First Interstate Batteries.
This prime location provides ease of access to numerous shopping destinations along Spring Valley and Belt Line, including 40+ dining, grocery, and retail options, as well as immediate proximity to The Galleria, the Dallas North Tollway, LBJ Freeway and George Bush Turnpike (190 STEM Corridor).
Offered at a significant discount to replacement cost, The Princeton is anchored with strong existing tenancy, offering a diverse tenant roster featuring numerous technology, legal, medical, and financial firms with staggered rollover exposure.
As North Texas, Dallas and the Lower Tollway corridor continue its strongest back-to-work metrics in the country, The Princeton is positioned to appreciate from upward trajectory, escalating rental rates with renovation, and tenant migration from neighboring buildings and submarkets experiencing increased rental rates.
Brochure
Confidentiality Agreement
Mark Meador
STATE-OF-THE-ART FITNESS CENTER
BUILDING AMENITIES
UPDATED TENANT LOUNGE AND CAFE
BEST-IN-CLASS CONFERENCE AND TRAINING
CENTER
EFFICIENT FLOORPLATES WITH 10’ CEILINGS
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Preston Park located at 1800 and 1820 Preston Park Boulevard in Plano, Texas. The property is comprised of two Class A multi-tenant office buildings comprising approximately 198,788 square feet.
Originally completed in 1997, Preston Park features newly renovated lobbies, common areas, tenant lounges, and tenant conference centers. In addition to these attributes, the combined 12-acre site is located with convenient accessibility to Preston Road, Dallas North Tollway, George Bush Turnpike, and Central Expressway. This prime location provides walkability to the amenity rich Preston Park Village and Park Boulevard with premier restaurant and retail options, fitness centers, and child care, as well as close proximity to Legacy West, CityLine and both commercial airports (DFW – American Airlines headquarters and Love-Field – Southwest Airlines headquarters).
Plano’s growth continues to be exponential, with visionary companies quickly discovering Plano is the best address for their success. Many Fortune 1000 companies have relocated to Plano for their North American headquarters, including Toyota, Cinemark Theatres, Frito Lay, Dr. Pepper, and Liberty Mutual. With the $2 Billion mixed-use Legacy West development, Plano has become the all-encompassing corporate hub of Dallas.
ARAPAHO DART RAIL STATION
ACROSS FROM
CENTER FOR
ENTREPRENEURSHIP & COLLABORATION
PREMIER
TECH HUB
OVER 50%
OF RICHARDSON BUSINESS
CONTAINS
BRAND NEW
NAME, LOGO & ZONING CODE
2020 REBRAND
OF RICHARDSON IQ
OVER 1,000
BUSINESSES
1,200
ACRE AREA
1,900
PEOPLE EMPLOYED
DUAL FIBER OPTICS FEED, WIRED CERTIFIED
UP TO 6.0 / 1,000 PARKING RATIO
LEED CERTIFIED GOLD
14651 Dallas Parkway
Dallas, Texas
Institutionally Maintained | Dallas' Most Prominent North/South Corridor
The Opportunity
Investment Overview
Photo Gallery
Contact Us
Area Snapshot
Conference Room & Tenant Lounge
Garage Parking
Beautifully Landscaped Outdoor Atrium
On-site Property Management & Security
Full-Service Cafe
Download Brochure
214 706 6048
johanna.ramirez@colliers.com
The Opportunity
Photo Gallery
Conference Room & Tenant Lounge
Garage Parking
Beautifully Landscaped Outdoor Atrium
On-site Property Management & Security
Full-Service Cafe
+1 214 706 6048
johanna.ramirez@colliers.com
Johanna Ramirez
Property Video
Tollway Compression Migration Video
VIEW BROCHURE
CONFIDENTIALITY AGREEMENT
The Opportunity
Property Video
Rendering: New Tenant Lounge & Cafe
+1 415 288 7840
jeremy.thornton@colliers.com
Jeremy Thornton
+1 310 622 1916
mark.schuessler@colliers.com
Mark Schuessler
+1 310 622 1916
mark.schuessler@colliers.com
Mark Schuessler
+1 214 706 6047
cl.boyd@colliers.com
Chris Boyd