Property History
AMENITY RICH LOCATION
• Las Colinas is a highly desirable 12,000-acre mixed use development with some of North Texas’ most unique developments including Toyota Music Factory, Water Street and Hidden Ridge
• Located adjacent to DFW International Airport, Las Colinas is one of the area’s highest corporate demand locations with exceptional connectivity via multiple highways, Las Colinas Area Personal Transit System (APT) and DART (Dallas Area Rapid Transit)
• Excellent visibility and accessibility enjoyed from the building’s location along John Carpenter Freeway (Hwy 114)
• Exceptional walkability with numerous restaurants, retail and hotel options within short walking distance, as well as convenient access to all of Las Colinas urban center’s world class amenities in the surrounding area
HIGH QUALITY, STABILITY TENANCY
• 4.4 Weighted Average Lease Term (WALT)
• Currently 90% leased, Carpenter Court offers a stable investment with solid, predictable cash flows
• Built-in contractual rent increases provide for future income growth
• Minimal tenant expirations during the next three years
• High quality tenancy with credit worthy and long-standing companies
EXCEPTIONAL & UNIQUE QUALITY ASSET
• An extensive renovation was recently completed and includes Class A tenant and common area finishes
• Desirable working environment due to unique interior common finishes and exceptional overall building and property condition
• The building features a dramatic four-story interior atrium with large spiral staircases, elevators and skybridge-style connective walkways that provide unique and convenient linkage throughout the building
• The natural slope of the site was used to create exterior access on two separate floors, further enhancing the building’s superb accessibility
• Immediate area is generally a big block dominant market, enabling Carpenter Court to benefit as a niche property for small and medium size tenants
HIGH GROWTH AREA
• Employers are attracted to the area due to its proximity to a well-educated and highly qualified labor pool
• Multifamily growth in Las Colinas Urban Center has been explosive, increasing over 233% since 2006 to a current inventory of over 8300 units with an average occupancy over 90%
• Hotel growth has surged by nearly 150% since 2006 with over 1500 keys at present, including a Four Seasons Resort and Golf Club and The Westin Convention Center
• Two Fortune 10 companies are headquartered in Las Colinas and overall tenancy includes many Fortune 100 companies, further exemplifying the strength and appeal of the area
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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