Property Type: Office

Younger Partners, as exclusive advisor for the Receiver, is pleased to present the opportunity to acquire Preston Plaza (the “Property”), a prominently positioned office building located in North Dallas at the high-profile intersection of Preston and Frankford Roads. The Property consists of a 10-story, trophy office tower spanning 259,000 SF with a 5-level structured parking garage on a 6.29-acre site. The Property is currently 35% occupied, and offers untapped upside through reinvigoration. The offering is being made unpriced and on and “as-is” basis. Originally constructed in 1986, Preston Plaza has been meticulously maintained and renovated a number of times, most recently 2020. The latest modernizations have laid the groundwork to reclaim a spot amongst the premier office assets in North Dallas.

The opportunity at Preston Plaza is to continue pursuing small, suburban office tenants that are the bread and butter of North Dallas, while backfilling larger vacancies that were created in the last year. When you consider the fundamentals of an attractive acquisition basis, dynamic location and in-place amenities, then layer in fresh capital to aggressively pursue tenants, the result is a range of repositioning and possible development strategies in the nation’s strongest market for job and population growth. Preston Plaza is uniquely positioned to appeal to the surrounding residents and provide a vibrant live-work-play location on Preston Road that avoids the daily grind of the Dallas North Tollway. Preston Plaza offers an unparalleled mixed-use amenity base and prestige of a true Class A office environment amongst the mostly Class B competitive set on Preston Road.

Available at a staggering discount to replacement cost (est $450/sf), Preston Plaza is located on a highly coveted and efficient 6.29-acre redevelopment site. The existing occupancy (35%) offers contractual revenues to operate the building and bridge the gap while pursuing zoning and entitlements for a reimagined use of a true in-fill location.

Lackland Center was formerly the home of Privia Medical Group
and offers potential buyers an outstanding basis in an attractive office
building in the well regarded West Fort Worth market. An appealing
option for medical, back office and governmental tenants,
the building offers an array of leasing options. Adjacent to abundant
green space, a vast network residential rooftops and an assortment
of walkable amenities, the building provides immediate access to
the vast transportation network of greater DFW.

The property is located on multiple land parcels and (in total) covers
2.298 acres. Zoned FR and A-5, the building offers redevelopment
opportunities now and in the future. Retail, healthcare,
hospitality, single family and more could all be options for the long
term use of the building / site.

Younger Partners, as exclusive advisor, is pleased to present an investment opportunity for the acquisition of a prime professional office strategically situated in Keller, TX. The building offers 7,685 SF of well-designed and functional spaces. It is 100% occupied under NNN leasing structures, ensuring a stable rental income. Additionally, buyers have the potentials to enhance returns by adjusting the below-market rents to current rate.

Available as-is, the office building was built in 2000 and has been professionally maintained. The timeless architecture and ample parking are complimented by its modern interior finishes, open floor plan and plenty of natural lights.

Strategically positioned right off of Keller Pkwy, a major thoroughfare in one of North Texas’s the most affluent neighborhoods, it has easy access to Hwy 377 and Hwy 114, with a 20-minute drive to DFW International Airport.

Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Parkway Commons (the “Property”), a privately owned and maintained office buildings in flourishing Plano, TX. The Property offers 102,866 square feet of highly efficient, neighborhood office space that is 54% leased. Home to a diverse rent roll, the building is primarily designed for small and mid-size office / medical suites.

Nestled amongst multi-family and medical developments along Plano Parkway, Parkway Commons is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators the feed off the neighborhood community. Located near the intersection of Plano Parkway and Preston Road, Parkway Commons is three turns from President George Bush Turnpike and the vast transportation network of greater DFW.

Currently 54% leased, Parkway Commons offers two sizeable blocks of contiguous space that are well suited to an owner-occupant that wants to take control of their real estate needs and capitalize on the benefits of real estate ownership. Existing income, tax / depreciation value and long term land appreciation are just a few of the benefits to ownership. Available at a sizeable discount to replacement cost and an attractively low-cost basis, ownership can have a significant impact on overall occupancy cost to a owner-user.