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DALLAS, TX 752541
14900
SQUARE FEET
±74,182
OPPORTUNITY
VALUE-ADD
OCCUPANCY
74.5%
PARKING RATIO
3.0/1,000
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EMERALD PLAZA
14900 LANDMARK BOULEVARD
DALLAS, TX 75254
This has been prepared by Colliers International for advertising and general information only. Colliers International 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 International 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 International and/or its licensor(s). ©2020. All rights reserved.
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EXECUTIVE SUMMARY
Contact Us
This has been prepared by Colliers International for advertising and general information only. Colliers International 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 International 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 International and/or its licensor(s). ©2020. All rights reserved.
Madeleine Aufricht
214 706 6045
madeleine.aufricht@colliers.com
214 706 6048
johanna.ramirez@colliers.com
949 724 5717
brian.corrigan@colliers.com
214 706 6047
cl.boyd@colliers.com
214 706 6029
creighton.stark@colliers.com
Johanna Ramirez
Brian Corrigan
Chris Boyd
Creighton Stark
EXCLUSIVE MARKETING ADVISORS
ACQUISITION FINANCING ADVISOR
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THE OPPORTUNITY
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Emerald Plaza, an approximate 74,182 square foot, six-story, multi-tenant office building located in the Addison/Quorum submarket of Dallas, Texas.
At 74.5% occupancy, Emerald Plaza offers in-place cash flow with immediate upside via lease up of remaining vacancies and mark-to-market opportunities as leases expire at rates approximately 20% below market. In addition, Emerald Plaza offers a strategically staggered expiration schedule built to hedge any potential market softness.
Emerald Plaza’s coveted location, along the Dallas North Tollway (“DNT”) and Platinum Corridor is deemed one of the most desirable investment locations in the Metroplex. Arguably the most efficient artery in DFW, the DNT provides easy access to the regions most visited locations and is home to major corporations such as Liberty Mutual, Toyota USA, and J.P. Morgan Chase. The Lower/Middle Tollway Corridor, where Emerald Plaza sits, has benefited from a migration of tenants seeking rental rate relief from premier office submarkets to the North (Legacy) and to the South (Preston Center). With the migration, Emerald Plaza will continue to experience increased demand along with higher rental rates.
Located along the Dallas North Tollway, North Texas’s most prominent and vibrant north/south corridor
Distinguished Asset
Distinguished asset with strong Dallas North Tollway accessibility and exceptional ingress/egress
Institutionally Owned
Institutionally owned and maintained with a diverse rent roll of industries
Upside Potential
Significant upside potential through contractual rent escalations and lease up of vacant space providing revenue growth of over 50% by year 4
Contiguous SF
±18,000 SF contiguous top floor availability
Compression Migration
Tollway Compression Migration Effect - as rental rates and occupancies rise in the neighboring Legacy and Preston Center submarkets, brand-name tenants are migrating to the lower/middle portion of the Tollway
Rare value-add Tollway opportunity with 82.8% occupancy and expiring rental rates 15% below market
Location
Close proximity to exclusive residential areas and Dallas’ prominent country clubs
LANDMARK BOULEVARD
recent RENOVATION
2017
EFFICIENT FLOORPLATES
SQUARE FEET
12,300
NORTH TOLLWAY
ACCESSIBILITY
DALLAS
DEMOGRAPHICS
PREMIER AREA
GARAGE-TO-SUITE ACCESS
DIRECT
BELOW MARKET RENTS
20%
BELT LINE RESTAURANT ROW
NEARBY
Distinguished asset with strong Dallas North Tollway accessibility and exceptional ingress/egress
Close proximity to exclusive residential areas and Dallas’ prominent country clubs
214 706 6046
mark.meador@colliers.com
Mark Meador
Area Snapshot
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cONFIDENTIALITY agreement
View Brochure
cONFIDENTIALITY agreement
Distinguished asset with strong Dallas North Tollway accessibility and exceptional ingress/egress
Institutionally owned and maintained with a diverse rent roll of industries
Significant upside potential through contractual rent escalations and lease up of vacant space providing revenue growth of over 50% by year 4
Tollway Compression Migration Effect - as rental rates and occupancies rise in the neighboring Legacy and Preston Center submarkets, brand-name tenants are migrating to the lower/middle portion of the Tollway
Close proximity to exclusive residential areas and Dallas’ prominent country clubs
Investment Highlights
Investment Highlights
Asset Profile
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Mark Meador
214 706 6046
mark.meador@colliers.com