• 14900 Landmark Blvd, Dallas, TX 75254

Office

Spaces available

One or more spaces are available
Size estimate
0
10,000 sqft
Price estimate
0
$ 20,000 /mo

Property Details

EMERALD PLAZA OVERVIEW


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.

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

  • Property Type
    Office
  • Submarket
  • Year Built
    1986
  • Total Building Size
    74,182RSF
  • Total Acres
    1.7
  • Number of Floors
    6
  • Building Class
    B
  • Zoning
    I, Addison
  • Property ID
    310086

Landlord's Leasing Representatives

  • Rodney Helm
    Cushman & Wakefield, Inc.
     
  • WARD EASTMAN
    Cushman & Wakefield, Inc.
     
  • Andy Anderson
    Experience. Drive. Results.