Executive Summary
Colliers International has been exclusively retained by ownership and pleased to offer qualified investors the opportunity to acquire the 100% fee-simple interest for Stanford Corporate Centre (the “Property”) located in the surging north Dallas, Texas market. The offering is comprised of a fourteen-story, 270,234 square foot multi-tenant office building and the 63,000 square foot Telos luxury fitness center. Located along the Tollway near The Galleria and the dynamic I-635 TexPress/Tollway interchange, Stanford Corporate Centre is positioned to benefit from the high-energy, amenity-rich environment and mixed-used developments currently underway. Stanford Corporate Centre presents the strategic investor a stable Class “A” asset with upside opportunity.
Stanford Corporate Centre, at 91.8% occupancy, maintains a strong, stable and diverse tenant roster anchored by IBM SoftLayer Technologies (44% of the property). Upside is created by leasing immediate availabilities including the 11th floor, mark-to-market as leases expire 50-75% below market and converting leases from “+E” to “NNN” with renewals and new tenants.
Unencumbered by the former ground lease, the 63,000 SF fitness center building offers investors an opportunity to further enhance Stanford Corporate Centre upon the Telos expiration in 2023. With Tollway frontage and excellent visibility, the three-floor fitness center has transformative potential for an exciting destination, further complementing the campus. Currently zoned PD-42 in the city of Farmers Branch, allowable uses include office buildings, hotels, financial Institutions, and retail establishments.
Investment Highlights
Photo Gallery
Asset Profile
Contact Us
View Brochure Confidentiality Agreement
PROPERTY VIDEO Executive SUMMARY Investment Highlights Asset Profile Photo Gallery AREA SNAPSHOT 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). ©2019. All rights reserved.
Investment Highlights
Why Colliers?
Where do you want to go?
Hear from your colleagues
How do you want to get there?
How can we help?
Hear from our employees
Area Snapshot
Photo Gallery
Property Video
EXECUTIVE SUMMARY
NNN Conversion Opportunity
Coming Soon
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). ©2019. All rights reserved.
Mark Meador
214 706 6046
mark.meador@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
Confidentiality Agreement
SHARE ON:
http://www.mailto.co.uk/
to add multiple recipients to the share email link
https://mwdagency.com/socialshare/
to make other social links
MAKE SURE TO CHECK EMAIL INTERACTIONS TO UPDATE SUBJECT LINES
Corporate
Centre
STANFORD
LAND AREA
5.78 AC
VALUE-ADD INVESTMENT OVERVIEW
Executive Fitness Center Repositioning Opportunity
Compression Migration Effect
Expiring Rents Significantly
Below Market
Strong credit tenancy, anchored by IBM SoftLayer Technologies
(44% of the property)
Lower Tollway / Galleria submarket
100% Fee-Simple Interest
Class “A” Office, Value-Add Investment Opportunity
exceptional amenity base
New mixed-use development
Beck Ventures / Omniplan /
5G Studio Collaborative / KDC
DALLAS MIDTOWN
JEFFERSON EAST BRANCH
ALPHA WEST
JPI | 740 Apartment units
JPI / Buchanan Street Partners / CarVal Investors
Phase 1 started 2018, phase 2 starting 2020
300,000 SF office, 100,000 SF retail, 155-room hotel
Phase 1 - 409-unit apartment complex under construction
exceptional amenity base
NEW CONSTRUCTION IN LAST 3 YEARS
(3 Miles from Stanford Corporate Centre)
The surge in new developments on the Lower Tollway corridor is turning a vibrant office and retail area into a true pedestrian-oriented 24/7 neighborhood.
3,100
Multifamily Units
174K
RETAIL (SF)
440K
OFFICE (SF)
NEW OFFICE PRODUCT
Fourteen555 | 240,000 SF
Includes rooftop restaurant and health club
Cawley Partners | Delivered August 2018
TOLLWAY CENTER | 200,000 SF
Cawley Partners | Delivered JUNE 2016
Corporate
Centre
STANFORD
Corporate
Centre
STANFORD
TOTAL ASSET SIZE
333,234 SF
TYPICAL FLOOR SIZE
21,594 SF
TOTAL AVAILABLE SF
28,967 SF
OCCUPANCY
91.8%
YEAR BUILT
1985
CLASS
A
STORIES
14
PARKING RATIO
4.0/1,000
New mixed-use development
JEFFERSON EAST BRANCH
New mixed-use development
ALPHA WEST
Corporate
Centre
STANFORD
NEW OFFICE PRODUCT
NEW OFFICE PRODUCT
Fourteen555 | 240,000 SF
Includes rooftop restaurant and health club
Cawley Partners | Delivered August 2018
214 706 6056
b.chien@colliers.com
Benjamin Chien
REPOSITIONING OPPORTUNITY
UPSIDE POTENTIAL WITH STABLE CASH FLOW