Property Type: Office

Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire South Ridge (Property), a recently developed, Class A mixed use complex prominently located in affluent Heath, TX. Located on the shores of Lake Ray Hubbard, Heath is a bedroom community to nearby Dallas (25 miles) that offers a pastoral setting and a sense of being removed from the bustle of city life. Comprised of three distinct buildings, the Property defines modern mixed-use. Offering medical office, traditional office, flexible office, retail, dining and entertainment space, the project is a destination in one of Texas’ most sought after residential communities.

At 51,075 square-feet, the three-building multi-tenant property is 100% leased and offers first-class amenities and an unparalleled experience to tenants and visitors. A dining destination, Standard Service anchors the Property and offers an outdoor entertainment venue that is unlike anything you have ever seen. With high barriers to entry, South Ridge is in a league all to itself. Established development restrictions are in place to protect the lifestyle that has made Heath one of the area’s most sought after communities. As a result, future owners should benefit from a limited supply of competing property.

Leased on a NNN basis, the Property’s retail and office space has an average lease rate of roughly $26/sf. The restaurant space is leased on a percentage basis and so as business thrives so does the Ownership! Forecast rental revenue for 2021 is projected at almost $1.55M.

Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire Metroplex Tech Center I (Property).  Comprised of more than 100,000 square feet, the Property is 55% leased to two tenants and offers established revenues and average lease term of approximately 4.5 years.  Leased on a NNN basis, the building has significant upside potential.  The remaining vacancy offers tenants space with dedicated HVAC, direct accessibility and limited social interactions when compared with traditional mid / high rise office space.   Built in 1999, Metroplex Tech Center I is tilt-up construction with a classic brick facade giving the building a timeless look and feel.  Offering a better than market parking ratio of 7/1,000, the building has an adaptable floor plan to meet the needs of a variety of uses.  Complimenting the office space, the building has loading capabilities at the rear of the complex that can accommodate shipping and receiving and other light industrial needs.

Younger Partners has been exclusively retained to offer qualified investors the opportunity to acquire the fee-simple interest in the Oil & Gas / Star-Telegram Building (Property). A stunning example of art deco and gothic design, the two tower complex is located in the thriving Fort Worth CBD adjacent to the renowned Sundance Square.  Comprised of roughly 440,000 square feet, the Property presents a compelling combination of stabilized office space and the value add opportunity to alter an existing use and reposition one of the buildings to mixed use by including multifamily or hospitality.
The Oil & Gas / Star – Telegram Buildings present investors the opportunity to acquire two historic buildings in one of the region’s most closely held real estate markets.  The Fort Worth CBD is a thriving community with an unsurpassed “Live, Work, Play” environment.  The Property offers investors a unique chance to expand current holdings or get a foothold in the dynamic downtown Fort Worth market.

Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire 3203 McKinney Avenue (Property). A 13,265 square foot boutique building, 3203 McKinney is in the heart of the renowned Uptown submarket. Prominently located at the corner of McKinney Avenue and Bower Street, the Property presents unmatched walkable access to the vast amenities that make Uptown the most desired zip code in Dallas. Designed for a small office tenant, 3203 McKinney offers contemporary office space and luxury residential units on the upper floors. Located on .2 acres of the most coveted dirt in all of Dallas, the building offers functionality today and an unrivaled “covered land play” for the future.

Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire 208 N Market Street (the “Property”).  208 N Market is a six-story modernized historical building at the heart of Dallas’ famed West End.  Originally built in 1900, the building’s architecture and design lend themselves to creative office space in a walkable urban environment.  Authentic and honest, the building’s exposed brick, open plenum ceilings, original hard-wood floors and polished concrete provide a first class environment for tenants and visitors.  Complimenting the building’s historic attributes, the current ownership has made extensive renovations to improve and update the building’s operating systems including: Roof, common areas, electrical, telecommunications, plumbing and HVAC.  Currently 57% leased, the building combines office and restaurant / entertainment space and affords potential investors the chance to enter the West End micro-market with an enticing value-add investment.  More than 80% of the building’s occupancy is secured through 2026 giving potential buyers a solid foundation to create value.

A potential redevelopment opportunity in downtown Tyler, Texas. Formerly the Carlton Hotel, it is a 15 story, 200 key hotel that is currently vacant. The property sits on the northeast corner of Elm and Broadway in a high traffic area and located in an opportunity zone. Less than 1.5 miles away is the University of Texas Health Science Center. Additionally, within less than 5 miles of the property are three colleges, University of Texas at Tyler, Tyler Junior College and Texas College, which combined have a total enrollment of approximately 24,000 students. In February of 2020, the University of Texas announced the intention to launch a medical school in Tyler to increase access to health care in the region, creating more than 21,000 jobs, and providing an annual economic impact of $1.9 Billion. Because of the growth that is taking place in Tyler, there is a need for more multi-family/student housing product and this presents a rare opportunity for a unique redevelopment.