Executive Summary
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Two Forest Plaza in Dallas, Texas. This well-designed, energy and logistically efficient office building is ideally located in the Infill Triangle, a dynamic area of Dallas and the Sun Belt, bordered by US 75 (Central Expressway), Interstate 635 (LBJ Freeway and TEXpress Lanes) and The Dallas North Tollway.
Two Forest Plaza features long term credit tenancy and a combined 46% of the building with New York Life (a 38-year tenant occupying 42,276 SF through March 2022) and La Madeleine restaurants corporate headquarters (48,769 SF through August 2023).
Two Forest provides investment stability with 4.5 years of weighted average remaining lease term while benefitting from Dallas job growth and accessibility from 13 points of access to the Park Central area.
With its 3.3/1,000 parking ratio, efficient +/- 20,000 SF floor plates and diverse tenant roster, Two Forest Plaza provides a Value-Add / Core-Plus investment opportunity via immediate lease up of vacant suites and mark-to-market potential as leases expire, currently 15-20% below market.
Investment Highlights
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Asset Profile
Address
12201 Merit Drive, Dallas, TX 75251
Rentable Square Feet
196,215 SF
Occupancy
87%
Site
3.45 Acres
Value-add/Core-Plus INVESTMENT Opportunity
ANCHORED BY NEW YORK LIFE & LA MADELEINE
INFILL TRIANGLE LOCATION
Executive Housing Proximity
Nearby Prestigious Country Clubs
(Northwood, Royal Oaks)
Medical City HCA Hospital across the street
Corporate Relocations
$1.2 MM Capex Completed
Nearby Elite Public & Private Schools & Universities
291 Restaurants Within 2.5 Miles
Upscale Retail
Park Central - $10 Billion Infrastructure Completed
Weighted Average Remaining Lease Term
4.5 years
Mark Meador
214 706 6046
mark.meador@colliers.com
Johanna Ramirez
214 706 6048
johanna.ramirez@colliers.com
Chris Boyd
214 706 6047
cl.boyd@colliers.com
Creighton Stark
214 706 6029
creighton.stark@colliers.com
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PROPERTY VIDEO Executive SUMMARY Investment Highlights Asset Profile Photo Gallery AREA SNAPSHOT Contact Us
Two Forest Plaza
12201 Merit Drive, Dallas, TX 75251
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.
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Area Snapshot
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Parking Ratio
3.3/1,000
Two Forest Plaza Video
EXECUTIVE SUMMARY
Brian Corrigan
949 724 5717
brian.corrigan@colliers.com
87%
EXCLUSIVE MARKETING ADVISORS
87%
ACQUISITION FINANCING ADVISOR