Property Video The Opportunity Investment Overview Photo Gallery Location Contact Us
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Contact Us
This document/email has been prepared by Colliers for advertising and general information only. Colliers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers and /or its licensor(s). © 2022. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers International North Texas, LLC
+1 214 706 6048
johanna.ramirez@colliers.com
+1 415 288 7840
jeremy.thornton@colliers.com
+1 214 706 6047
cl.boyd@colliers.com
+1 214 217 1226
patrick.howell@colliers.com
Johanna Ramirez
JEREMY THORNTON
Chris Boyd
Patrick Howell
Exclusive Marketing Advisors
Acquisition Financing Advisor
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The Opportunity
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
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
14881 Quorum Drive
Addison, Texas
Institutionally Maintained | Dallas' Most Prominent North/South Corridor
The Opportunity
Investment Overview
Photo Gallery
Contact Us
Area Snapshot
Conference Room & Tenant Lounge
Structured Parking
High
Walkability
Full-Service
Cafe
Download Brochure
214 706 6048
johanna.ramirez@colliers.com
The Opportunity
Photo Gallery
Conference Room & Tenant Lounge
Structured Parking
High Walkability
Full-Service Cafe
VIEW BROCHURE
CONFIDENTIALITY AGREEMENT
The Opportunity
Property Video
Colliers is pleased to exclusively offer to qualified investors the opportunity to purchase The Belvedere, an approximate 141,180 SF, nine-story, multi-tenant, office building located at 14881 Quorum Drive in Addison, Texas.
Built in 1985 and institutionally owned and maintained since, The Belvedere features amenities including a 2-level atrium, cafe, tenant lounge, conference facility, 4-story parking structure, and on-site engineering. In addition to onsite amenities, The Belvedere offers convenient accessibility to both Dallas North Tollway and LBJ Freeway, as well as walkability to an abundance of restaurant, retail, and hotel options that exceed most urban offices.
At 80.2% occupancy, with increasing rental rates of approximately 32% over the last 6 years, The Belvedere offers investors stabilized in-place cash flow and value-add opportunities through immediate lease-up of remaining vacancies at today’s increasing market rents, and mark-to-market opportunities as leases expire at rental rates 10-20% below market.
Located in the Addison submarket and the surrounding high economic growth of Dallas MSA, The Belvedere is poised to continue upward trajectory for investors seeking stability and predictable returns, combined with upside and increasing rental rates with property appreciation supported by strong macro fundamentals.
+1 214 217 4895
shannon.long@colliers.com
Shannon Long