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JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Spectrum Center (the “Property”), a two-building, 613,858 square foot, Class A, value-add office investment opportunity located along the Dallas North Tollway. The Property has been institutionally owned and maintained throughout its history with a full complement of building amenities and over $16 million of capital upgrades and amenity enhancements. The amenity rich location offers one of the most walkable locations in the DFW market with direct access to “Restaurant Row” (Belt Line Road) and its 100+ dining and entertainment options. The property is currently 73% leased to national and regional credit tenants representing a diverse mix of industries including technology, financial services and healthcare companies with 4.4 years of weighted average lease term remaining.
- 73% Leased With a Staggered Rollover
- 143,692 SF of Current Availability
- 23% Below Market In-Place Rents
- 46% Combined Rollover During the First Four Years
- Limited Deferred Maintenance Capital