CBRE, in partnership with OMS Strategic Advisors, announces the exclusive marketing assignment for multiple assets on behalf of Dallas County.
Recognizing the overall strength of the market for urban infill assets, Dallas County continues its portfolio optimization efforts in order to improve customer and constituent service as well as working conditions for County staff.
The properties’ former and potential future uses are diverse. The individual assets include the following acquisition / redevelopment opportunities:
- 10056 Marsh Lane | ±35,000 sq. ft. office building on ±1.9 acres
- 516 Twilight Trail | ± 4,000 sq. ft. office building on ±1.2 acres
- 2020 N Beckley I 2.906-acre development site
- 1411 West Belt Line Road I +/- 5,692 sq. ft. office building on +/- .97 acres
- 7201 South Polk St I +/- 29,600 sq. ft. office building on +/- 3.77 acres
- 2627 Zelrich Lane I +/- 8,040 sq. ft. office building on +/- .76 acres
- 107 Texas St I +/- 6,740 sq. ft. office building on +/- .50 acres
The sites are zoned diversely, allowing multiple uses, including office, multifamily and general commercial. Surveys, title research, and environmental reports on each asset are or will shortly be available online at www.cbredealflow.com or by contacting the CBRE representatives below.
“The County continues to entrust CBRE in the stewardship of its portfolio and we intend to expose these assets to the broadest pool of potential buyers/investors to ensure taxpayers receive maximum value for these assets,” said Peter Jansen with CBRE’s Public Institutions & Education Solutions team.
The County has been optimizing its portfolio over the past few years, including selling a number of vacated or consolidation candidates such as 899 Stemmons, 2311 Joe Field, and others.
Dallas County engaged CBRE as its exclusive representative under Court Order 2013-1918 and renewed the contract in November 2017. Bid dates will be announced shortly.
Stan McClure, with CBRE’s Dallas office, and Mr. Jansen are representing the sellers. CBRE is working in partnership with Lawrence Gardner of OMS Strategic Advisors.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
