Dallas – May 2, 2016 – On behalf of Quadrant Investment Properties, CBRE announces a number of capital improvements for Saint Paul Place. The high-profile Class A office building is a 22-story, 273,217-square-foot tower positioned as the gateway to the Dallas Arts District.
Located at the intersection of North Saint Paul Street and Ross Avenue, Saint Paul Place overlooks the Dallas Museum of Art and Klyde Warren Park, and is within walking distance of the Arts District attractions as well as numerous restaurants and retail options.
Renovation plans include a new tenant lounge on the second floor complete with a state-of-the-art conference center and outdoor patio deck with fire pit. The deck will extend to Ross Avenue and overlook the Dallas Museum of Art. Additionally, the espresso bar inside the building will be renovated to include areas for dining and working. The lobby will also receive an upgraded seating area and new Wi-Fi accessibility.
“We are excited to get started on the improvements and unlock these amenities. Saint Paul Place already offers a unique experience compared to any other Arts District or CBD asset due to the location and small floor plates,” said Chad Cook, Founder of Quadrant Investment Properties. “Our goal with the renovation is to further enhance the tenant experience by providing multiple new venues to enjoy the building.”
Celeste Fowden, Seth Thatcher and Ben Davis, with CBRE's Dallas office, are the exclusive leasing advisors on behalf of Quadrant Investment Properties. The tower was built in 1983 and is currently 80 percent leased with notable tenants that include D Magazine, accounting firm Crowe Horwath, and Sendero Business Systems.
“With its proximity to the Arts District and Klyde Warren Park, Saint Paul Place is in the center of one of the most dynamic areas of Dallas,” said Ms. Fowden, Senior Vice President, CBRE. “With the upgrades and amenities that Quadrant is planning, this property will add to the growing momentum in the Arts District area and will appeal to those that are interested in being in the middle of a vibrant and thriving urban area.”
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About Quadrant Investment Properties Quadrant Investment Properties (“QIP”) was formed in 2012 to acquire high-quality, well-constructed assets that provide value-add to opportunistic returns. Since 2012, Dallas-based QIP has placed over $190 million of capital through the acquisition and redevelopment of approximately 1.45 million square feet. For more information on QIP, please visit www.quadrantinvestmentproperties.com