Listed by Younger Partners
Unpriced
The Draper
Details
Property Type Office
Sub Type Executive Office
Square Footage 39,159
Year Built 1967
Stories 5
Acreage 2.450
Office | 39,159 SqFt
Marketing description
Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire The Draper at 111 South Garland Avenue (the "Property"). A boutique office building with historic significance, the Property is situated in a mixed-use environment with outstanding walkability. The five-story building features small floor plates on the upper floors (5,956 SF) and first floor space that is well suited to retail, food and beverage or entertainment uses. Home to a long-term tenant in JPMorgan Chase on the ground floor, the building has existing revenues from their tenancy and existing rooftop leases.
Full of potential, the building has been returned to shell condition and is ready for the next chapter. Boutique hotel, urban apartments or owner-occupied office space, The Draper is a blank canvas offering a wealth of opportunities in the evolving Garland market. The mid-century modern design is wildly appealing to a variety of uses and the upper floors (58' x 102') lay out well to ensure abundant natural light and view corridors of the surrounding areas.
The offering includes adjacent land parcels that could be used for parking or additional development depending upon the direction the building is taken.
The Draper will be a beneficiary of the ground swell of activity in the Garland area. The market is reimagining key districts and corridors, with the resurgence of a vi-brant Downtown. The city is committed to the success of the Property and is ready to engage and support a playbook of possibilities through a range of incentives and programs designed to support growth.
Listing Contacts
Listed by Younger Partners
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